Marine Insurance: Law and Principles

Learning Outcomes

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

• Describe and assess existing areas of debate affecting marine insurance law and policy.
• Demonstrate knowledge and understanding of the main principles under English common law and legislation that govern marine insurance policies

Transferable and Generic Skills

Having successfully completed this module you will be able to:

• Distinguish relevant from irrelevant materials.
• Identify and analyse key issues.
• think critically, develop coherent arguments in writing.
• Display clarity and objectivity in written discussion demonstrating an awareness of issue of academic integrity.

Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

• Identify and explain the main English law principles underpinning the law relating to marine insurance.
• Appraise and criticise existing debates in U.K. marine insurance law, using appropriate legal research skills.
• Locate and analyse relevant legal and other primary and secondary source materials.
• Analyse relevant legal materials, including statutes, case law and appropriate secondary sources.
• Apply the legal principles, with appropriate legal authorities, in the solution of complex problems.

The following is indicative of the content of the module:

* Introduction to marine insurance (history, codification, statute, books etc)

*Insurable Interest, Formation (Lloyds)

* Utmost Good Faith and Fair Presentation: Marine Insurance Act 1906

* Fair Presentation (Examples) & Insurance Act 2015 (incl Contracting Out)

* Warranties and Implied Terms under Marine Insurance Act 1906

* Risk Management clauses under Insurance Act 2015

* Fraudulent Claims

This module is taught through lectures (8x2hours) and seminars (3x2hours). Lectures will introduce the principles and structure of the subject. You are expected to provide the main input to the seminars where the principles introduced in the lectures are applied to hypothetical scenarios.

The most important part of learning is your own independent study. This will, however, be closely guided, and firmly tied into the lectures, seminars and assessment. In the seminars you will have the opportunity to present arguments orally to a group of peers and defend your position under challenge.

Formative

This is how we’ll give you feedback as you are learning. It is not a formal test or exam.

Essay

• Assessment Type: Formative
• Feedback: Individual feedback will be provided.
• Final Assessment: No
• Group Work: No

Summative

This is how we’ll formally assess what you have learned in this module.

Referral

This is how we’ll assess you if you don’t meet the criteria to pass this module.

Repeat

An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.