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LWM70

International commercial insurance law

Module information>

Academic Direction
UCL, Queen Mary àËÅöÊÓƵ
Also part of
LLM Postgraduate Laws
Modes of Study
Online

Insurance is an essential element in nearly all commercial transactions and many situations encountered by private individuals. The UK insurance industry has an international, indeed worldwide importance. It’s a subject with long historical roots but is also going through a period of change and reform making this an interesting time to study this subject. This course will enable you to study the development of commercial insurance law and to engage with the cases and problems that will give you an understanding of the reality of decision making and problem solving in this field of law.

Module A: The contract of reinsurance

LWM70A

  • The definition of reinsurance
  • Regulation of reinsurance business
  • Forms of reinsurance: facultative contracts; treaties
  • Relationship between assured, insurer and reinsurer
  • Formation and insurable interest
  • Utmost good faith
  • Express, implied and incorporated terms

Module B: Reinsurance losses and claims

LWM70B

  • Back to back cover
  • Follow the settlements and follow the fortunes
  • Claims co-operation and claims control clauses
  • Aggregation of losses
  • Post-loss allocation
  • Inspection clauses

Module C: Liability insurance

LWM70C

  • Forms of liability insurance: event, injury, claims made
  • Compulsory insurance regimes: motor; employers’ liability; maritime law
  • Professional indemnity insurance
  • Directors’ and Officers’ insurance
  • Product liability insurance
  • Defence costs
  • Third party rights

Module D: Conflict of laws in insurance

LWM70D

  • Jurisdiction of the English courts
  • Law applicable to insurance and reinsurance contracts
  • Operation of the applicable law rules

Assessment

Each module is assessed by a 45-minute unseen written exam.

Sequence

It is strongly recommended you take Module A before Module B.

How to apply

You can apply to study a module individually as a standalone unit or as part of a Postgraduate Certificate, Postgraduate Diploma or Master of Laws qualification. (In either scenario, they must be studied in order.)

These modules also contribute towards the following specialist pathways for Laws:

  • Commercial and Corporate Law
  • Common Law
  • Financial Services Law
  • Insurance Law
  • International Business Law

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