Faculty of Business and Economics

Monash University

Postgraduate - Unit

This unit entry is for students who completed this unit in 2012 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered, or view unit timetables.

FacultyFaculty of Business and Economics
OfferedCaulfield First semester 2012 (On-campus block of classes)
Coordinator(s)Mr Wayne Gumley


This unit provides an understanding of insurance law and related areas applicable to risk and insurance managers in Australia including the nature of insurance contracts, the duty of disclosure, utmost good faith, remedies and claims, intermediaries, industry regulation, tort reform and professional standards legislation with particular consideration of directors and officers liability cover.


The learning goals associated with this unit are to:

  1. identify and explain the key legal principles affecting corporate insurance programs in Australia with particular focus upon the Insurance Contracts Act 1984 (Cth)
  2. identify and explain the regulatory framework for supervision of the Australian insurance industry
  3. apply the principles of insurance law to a range of current issues affecting corporate insurance programs with a particular focus upon directors and officers liability cover.


Within semester assessment: 100%

Chief examiner(s)

Mr Wayne Gumley

Contact hours

3 hours per week


Students must have passed BTX9020 or BTX9500 or equivalent studies in business law before undertaking this unit.