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• College of Social Sciences and International Studies

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:

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

Online Resources

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

BAILII http://www.bailii.org/

I-law http://www.i-law.com/

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

http://lawcommission.justice.gov.uk/areas/insurance-contract-law.htm

Australian Insurance Law Reform Committee Report No 91, 2001 http://www.alrc.gov.au/report-91

Insurance Act 2015 http://www.legislation.gov.uk/ukpga/2015/4/contents/enacted

Marine Insurance Act 1906 http://www.legislation.gov.uk/ukpga/Edw7/6/41/contents

How this Module is Assessed

In the tables below, you will see reference to 'ILO's. An ILO is an Intended Learning Outcome - see Aims and Learning Outcomes for details of the ILOs for this module.

Formative Assessment

A formative assessment is designed to give you feedback on your understanding of the module content but it will not count towards your mark for the module.

Summative Assessment

A summative assessment counts towards your mark for the module. The table below tells you what percentage of your mark will come from which type of assessment.

...and this table provides further details on the summative assessments for this module.

Re-assessment

Re-assessment takes place when the summative assessment has not been completed by the original deadline, and the student has been allowed to refer or defer it to a later date (this only happens following certain criteria and is always subject to exam board approval). For obvious reasons, re-assessments cannot be the same as the original assessment and so these alternatives are set. In cases where the form of assessment is the same, the content will nevertheless be different.

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