Module LAWM079 for 2017/8
- Overview
- Aims and Learning Outcomes
- Module Content
- Indicative Reading List
- Assessment
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 Activities | Guided independent study | Placement / study abroad |
---|---|---|
36 | 264 | 0 |
...and this table provides a more detailed breakdown of the hours allocated to various study activities:
Category | Hours of study time | Description |
---|---|---|
Scheduled Learning & Teaching activities | 30 | 10 x 3 hour Lectures/seminars |
Scheduled Learning and Teaching Activity | 6 | Small 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 study | 180 | Post-lecture/seminar reading |
Guided independent study | 84 | Preparation for formative/summative essays and summative presentations |
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.
Form of assessment | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
---|---|---|---|
Essay | 2,000 words | 1-7 | Written/oral |
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.
Coursework | Written exams | Practical exams |
---|---|---|
80 | 0 | 20 |
...and this table provides further details on the summative assessments for this module.
Form of assessment | % of credit | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
---|---|---|---|---|
Essay | 80 | 7500 words | 1-7 | Written/oral |
Small-group presentations | 20 | 15 min. per group | 1-7 | Written/oral |
0 | ||||
0 | ||||
0 | ||||
0 |
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.
Original form of assessment | Form of re-assessment | ILOs re-assessed | Timescale for re-assessment |
---|---|---|---|
Essay | Essay (7,500 words) | 1-7 | August/September assessment period |
Small group presentation | Individual oral presentation (7 minutes) | 1-7 | Summer Term |
Indicative Reading List
This reading list is indicative - i.e. it provides an idea of texts that may be useful to you on this module, but it is not considered to be a confirmed or compulsory reading list for this module.
Arnould’s Law of Marine Insurance and Average, 18th edition 2013
Rose, Law of Marine Insurance, 2nd edition 2012
Merkin, Annotated Marine Insurance Legislation, 5th edition 2013
Lowry, Rawlings and Merkin, Insurance Doctrines and Principles, 3rd edition 2012
Gurses, Marine Insurance, 2015
Gilman and Merkin, Arnould on Marine Insurance and Average 18th edition 2013, supplement January 2016
Thomas, Modern Law of Marine Insurance, 3 volumes 2005 to 2011
ELE – http://vle.exeter.ac.uk/