THE INDEMNITY PRINCIPLE: LESSONS FOR INSURERS FROM RECENT DECISIONS OF FOREIGN COURTS: POLAND & GHANA.
PART 1: POLAND The pro rata condition of average Material damage policies include a pro rata condition of average….
How to prevent rejection of insurance claims & What to do if the insurer does not settle the claim.
HOW TO PREVENT REJECTION OF INSURANCE CLAIMS. MISTAKES TO AVOID. Policy document After you pay the premium make…
LEGAL ISSUES IN CONTRIBUTION & DOUBLE INSURANCE
Double Insurance & Contribution 1.1 Double insurance arises where the same party is insured with two or more insurers in…
LEGAL ASPECTS OF MARINE CARGO INSURANCE CLAIMS
1. Introduction Section 67 of the Insurance Act 2003 requires compulsory insurance on goods imported into Nigeria. A marine cargo…
RETURN OF PREMIUM ON LIFE INSURANCE POLICIES
1. Introduction This piece looks at the circumstances when an insured may be entitled to return of premiums paid under…
SUBROGATION: MATTERS ARISING
1. The Doctrine of Subrogation When an insured person suffers a loss he will be entitled to money from the…
PROPOSALS FOR REFORM OF THE INSURANCE ACT 2003
PROPOSALS FOR REFORM OF THE INSURANCE ACT 2003 1. Consolidated Insurance Bills. There have been two previous Insurance Bills since…
LEGAL ISSUES IN MOTOR INSURANCE CLAIMS
INTRODUCTION Mandatory insurance 1.1 Motor insurance claims disputes still remain a major cause of litigation in the insurance industry today….
JOINDER OF INSURERS IN THIRD PARTY LITIGATION
Introduction In practice insurers will conduct the defence of litigation by a third party claimant against an insured and will…
MODERN REMEDY OF INSURERS IN NIGERIA FOR BREACH OF DISCLOSURE OR WARRANTY
Introduction The statutory provisions of section 55 of the Insurance Act 2003 altered the common law on the matter and…
