AAii 303 Legal Principles of Insurance case studies
AAii 303 Legal Principles of Insurance · Put your knowledge to work in context.
AAii 303 Legal Principles of Insurance is a study-guide label for the legal-principles content that appears in The Institutes' designation coursework. The source page does not list AAii 303 as a standalone exam, so treat any study page using that label as a preparation aid rather than an official product listing. The AAii 303 Legal Principles of Insurance case studies are 5 cases and about 3,134 words.
1Sprinkler Isolation and the Fair Presentation Remedies
Meridian Foods Ltd renews a £5m commercial property and business interruption policy with Kestrel Insurance for 1 January to 31 December. The broker's statement of fact asks: 'Are all fire protection systems fully operational?
733 words, about 4 min2Cargo Drum Failure: Storm or Inherent Vice?
Northstar Shipping insures 400 drums of industrial solvent under a cargo policy incorporating Institute Cargo Clauses (A). The policy excludes loss caused by 'inherent vice or nature of the subject-matter insured' and 'insufficiency or unsuitability of packing'.
666 words, about 3 min3Sale of Premises, Risk Passing and Insurable Interest
Harbour View Developments contracts to sell a retail unit to Bluegate Retail for £1.8m. Contracts are exchanged on 1 March, completion is 1 May, and the sale contract provides that risk passes on completion.
598 words, about 3 min4Lease Waiver of Subrogation and the Tenant's Liability Cover
Kingsway Estates owns a warehouse let to Pinewood Foods. Clause 12 of the lease says: 'The Landlord shall insure the Building against fire and the Tenant shall pay 20% of the premium.
554 words, about 3 min5Pressure Vessel Warranty and Late Notification
Apex Engineering Ltd holds a commercial combined policy with Sentinel Insurance for 1 January to 31 December. The policy contains a 'Pressure Systems Warranty': 'The Insured warrants that all pressure vessels are inspected annually by a competent person.' It also contains a claims condition: 'The Insured must notify the Insurer immediately of any occurrence which may give rise to a claim.' Apex's inspection was due on 15 March but was not carried out until 20 June because the contractor cancelled twice.
583 words, about 3 min