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Unit of study_

Insurance Law and Risk - LAWS3503

Year - 2018

Insurance is an essential part of modern life covering a multitude of everyday risks and providing financial security in commerce and life generally. This unit covers the principles and concepts of insurance law and practice. A main focus will be on the rights and liabilities arising under contracts of insurance, under statute (principally the Insurance Contracts Act 1984 (Cth)) and at common law. Broad categories and common forms of insurance, and to a lesser extent reinsurance, and the risks covered by them will be considered. Concepts central to insurance will be dealt with including the duty of utmost good faith, the duty of disclosure, third party rights, proportionality, contribution, subrogation and fraud. Other matters to be considered include the role of insurance brokers and underwriting agents, the regulation of insurers (the role of ASIC and APRA), the progression of insurance from contract formation to claims and the role that insurance plays in the community, corporate life and in dispute resolution. There will be a practical emphasis which involve considering some common types of insurance policies and issues arising under them illustrated by problem solving. Consideration will also be given to the role of risk transfer and insurance in contracting.

Classes
2x2hr seminars/week for 10 weeks

Assessment
2000wd essay or problem-based assignment (40%) and 2hr open-book final exam (60%)

Textbooks
Mann's Annotated Insurance Contracts Act, Peter Mann, Thomson Reuters 6th edition

Pre-requisites

LAWS1012 and LAWS1015 and LAWS1017 and LAWS2015

Prohibitions

LAWS5203

Details

Faculty: Sydney Law School

Semester 2

30 Jul 2018

Department/School: Law
Study Mode: Normal (lecture/lab/tutorial) day
Census Date: 31 Aug 2018
Unit of study level: Senior
Credit points: 6.0
EFTSL: 0.125
Available for study abroad and exchange: Yes
Faculty/department permission required? No
Location
Camperdown
More details
Unit of Study coordinator: Mr Peter Mann
HECS Band: 3
Courses that offer this unit

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