LAW OF MARINE INSURANCE I

1. Explain the regulatory framework for marine insurance law in Nigeria.
2. Identify the rights and obligations of parties to marine insurance contracts.
3. Discuss the historical development of marine insurance.
4. Classify different types of marine insurance policies.
5. Apply the general principles of marine insurance to practical situations.

13 weeks, about 112 hours in total. Yours will differ.

1. Week 1Module 1: Nature of Marine Insurance Law

   • Unit 1: Importance of Marine Insurance · 3 hours

     Read the introduction to understand the importance of marine insurance.. Study the benefits of marine insurance to maritime activities.. Reflect on the role of marine insurance in international relations..

   • Unit 2: Meaning of Marine Insurance Contract · 3 hours

     Define marine insurance contract.. Differentiate between textual and statutory definitions.. Understand the obligations exchanged between parties..

   • Unit 3: Nature of Marine Insurance Contract · 3 hours

     Identify the contractual nature of marine insurance.. Understand the aleatory nature of insurance contracts.. Recognize marine insurance as a contract of indemnity..

2. Week 2Module 2: Historical Development of Marine Insurance

   • Unit 1: Pre-colonial Era · 3 hours

     Discuss the origins of marine insurance.. Examine the influence of the UK Marine Insurance Act, 1906.. Understand the historical context of marine insurance..

   • Unit 2: Post-Colonial Era · 3 hours

     State the laws regulating marine insurance in Nigeria.. Discuss the regulatory framework for the insurance industry.. Understand the impact of post-independence legislation..

   • Unit 3: Institutional Framework for the Regulation of Marine Insurance Law in Nigeria · 3 hours

     Describe the role of NAICOM in regulating marine insurance.. Discuss the powers and limits of NAICOM.. Understand the institutional framework for insurance regulation..

3. Week 3Module 3: Classification of Marine Insurance

   • Unit 1: Mutual Insurance and Commercial Insurance · 4 hours

     Discuss the organization of marine insurance businesses.. State the motives for mutual and commercial insurance.. Understand the differences between mutual and commercial insurance..

   • Unit 2: Kinds of Marine Policies · 4 hours

     List the various covers provided in marine insurance.. Describe the impact on premium and liability.. Understand the different types of marine insurance policies..

4. Week 4Module 4: General Principles of Marine Insurance

   • Unit 1: Good Faith (Uberrimae Fidei) · 4 hours

     Explain the principle of good faith.. Understand the implications of breaching the duty of disclosure.. Recognize marine insurance as a fiduciary relationship..

   • Unit 2: Insurable Interest · 4 hours

     State that insurable interest differentiates marine insurance from gambling.. Explain the timing requirements for insurable interest.. Understand the nature of insurable interest..

5. Week 5Module 4: General Principles of Marine Insurance

   • Unit 3: Subrogation · 4 hours

     Explain the concept of subrogation.. Understand the rights of the insurer against third parties.. Recognize the exception to the rule of privity of contract..

   • Unit 4: Double Insurance and Contribution · 4 hours

     Explain the concept of double insurance.. Understand the principle of contribution.. Recognize the fair distribution of risk among insurers..

6. Week 6Module 1: Nature of Marine Insurance Law

   • Module 1 Review · 9 hours

     Review Module 1 units.. Complete self-assessment exercises.. Prepare for assignments..

7. Week 7Module 2: Historical Development of Marine Insurance

   • Module 2 Review · 9 hours

     Review Module 2 units.. Complete self-assessment exercises.. Prepare for assignments..

8. Week 8Module 3: Classification of Marine Insurance

   • Module 3 Review · 9 hours

     Review Module 3 units.. Complete self-assessment exercises.. Prepare for assignments..

9. Week 9Module 4: General Principles of Marine Insurance

   • Unit 1: Good Faith (Uberrimae Fidei) · 4 hours

     Review Unit 1: Good Faith (Uberrimae Fidei).. Complete self-assessment exercises.. Prepare for assignments..

   • Unit 2: Insurable Interest · 4 hours

     Review Unit 2: Insurable Interest.. Complete self-assessment exercises.. Prepare for assignments..

10. Week 10Module 4: General Principles of Marine Insurance

    • Unit 3: Subrogation · 4 hours

      Review Unit 3: Subrogation.. Complete self-assessment exercises.. Prepare for assignments..

    • Unit 4: Double Insurance and Contribution · 4 hours

      Review Unit 4: Double Insurance and Contribution.. Complete self-assessment exercises.. Prepare for assignments..

11. Week 11Module 1: Nature of Marine Insurance Law

    • TMA 1 Preparation · 9 hours

      Complete Tutor Marked Assignment 1.. Review all topics from Module 1.. Focus on key concepts and definitions..

12. Week 12Module 2: Historical Development of Marine Insurance

    • TMA 2 Preparation · 9 hours

      Complete Tutor Marked Assignment 2.. Review all topics from Module 2.. Focus on key concepts and definitions..

13. Week 13Module 3: Classification of Marine Insurance

    • TMA 3 Preparation · 9 hours

      Complete Tutor Marked Assignment 3.. Review all topics from Modules 3 and 4.. Focus on key concepts and definitions..