Postgraduate Module Descriptor

LAWM079: Marine Insurance

This module descriptor refers to the 2017/8 academic year.

Module Content

Syllabus Plan

While the module’s precise content may vary from year to year, it is anticipated that the following topics will be covered:

  • History of marine insurance, from the Bubble Act 1720 to the present day
  • The role of Lloyd’s, insurance companies, P&I Clubs and brokers
  • The types of risks covered by marine policies and the wordings available
  • Formation of policies using the Market Reform Contract
  • Key formation concepts, including insurable interest and utmost good faith
  • Forms of loss and the measure of indemnity
  • The rights of insurers, including subrogation, contribution and abandonment

Learning and Teaching

This table provides an overview of how your hours of study for this module are allocated:

Scheduled Learning and Teaching ActivitiesGuided independent studyPlacement / study abroad

...and this table provides a more detailed breakdown of the hours allocated to various study activities:

CategoryHours of study timeDescription
Scheduled Learning & Teaching activities3010 x 3 hour Lectures/seminars
Scheduled Learning and Teaching Activity6Small group presentations on previously assigned topics aimed to make assessment more vivid and more diverse. Students will be required to make small group presentations on chosen topics (allocated time: 15 minutes for each group) (2 x 3 hour Seminars dedicated to presentations)
Guided independent study180Post-lecture/seminar reading
Guided independent study84Preparation for formative/summative essays and summative presentations

Online Resources

This module has online resources available via ELE (the Exeter Learning Environment).



English and Scottish Law Commissions, 2006-2013, 9 issues papers and three consultative documents

Australian Insurance Law Reform Committee Report No 91, 2001

Insurance Act 2015

Marine Insurance Act 1906