English Insurance Contract Law

Description

Bookboon, Cambridge University, 2016. — 84 p. — ISBN: 978-87-403-1209-6.Description.Insurance is the principal device whereby western societies respond to events adversely affecting people through injury or property damage. People pay for ‘cover’, a contract with an insurance company , whereby the insurer agrees to indemnify people on the occurrence of such an event in return for a periodic payment called premium. This book explains the English law regulating these insurance contracts.Content.Insurance Contracts Defined.- Introduction.- Description.- Contracts to distinguish from Insurance.Insurable Interest: Life.- Introduction.- Persons with an Insurable Interest.Insurable Interest: Property.- Introduction.Third Party Rights.- Introduction.- The Contracts (Rights of Third Parties) Act 1999.- Agency.- Commercial trustees.- The Third Parties (Rights Against Insurers) Act 1930.- The Third Parties (Rights against Insurers) Act 2010.- Road Traffic Act 1988.Agency.- Introduction.- Authority.- Ratification.- Liability.Contract Formation.- Applications.- Contract conclusion.- Contracting at Lloyd’s.- Interim Insurance.Premium.- Introduction.- Non-payment.- No return of premium.The Policy.- Introduction.- Content.- Interpretation.- Context.Cover.- Cover and Loss.- Subject-matter.- Insured events.Exceptions To Cover.- Introduction.- Leading Exceptions.- Unenforceable Exceptions.Warranties.- The Nature and Function of Warranties.- The Absolute Nature of Warranties.- Construction of Warranties.- Continuing (Promissory) Warranties.- Breach of Warranty.Misrepresentation.- Introduction.- Inducement.- Remedies.Disclosure.- Introduction.- Disclosure.- Material Fact.- Knowledge.- Waiver of Disclosure by Insurers.- Breach.- Fair presentation.Illegal Insurance.- Introduction.- Illegality.Claims.- Introduction.- Proof.- Faulty Claims.- Fraudulent Claims.- Waiver.- Claims Enforcement.Indemnity.- Introduction.- Loss Assessment.Payment And Non- Payment.- Introduction.- The Time of Payment.- Mode of Payment.- The Payee.- Settlement of Claims.- Non-payment.About the Author.Malcolm Clarke, Emeritus Professor of Commercial Contract Law, Cambridge University.Relevant publications:- The Law of Insurance Contracts (6th (bound) edition, London 2009); bi-annually updated in loose leaf form, ISBN 1-85978-689-8, and on line.- Policies and Perceptions of Insurance (Oxford, 1997).- Policies and Perceptions of Insurance in the 21st Century (Oxford 2005 and 2007).- Joint editor of Principles of European Insurance Contract Law; 2nd edition (Munich 2015).