Changing legal perspectives of the requirement of insurable interest in insurance contracts.

The article explores the requirement of insurable interest in insurance contracts and the varying degrees of statutory reforms thereto in the common law jurisdictions of the United Kingdom, Australia and Nigeria. It is argued that the doctrine has, most often than not, provided a technical defence t...

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Publicado en:Commonwealth Law Bulletin Vol. 47; no. 2; pp. 363 - 394
Autor principal: Anifalaje, Kehinde
Formato: Artículo
Publicado: Taylor & Francis Ltd Jun2021
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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      dt: Jun2021
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      pub: Taylor & Francis Ltd
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        10.1080/03050718.2020.1812099
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        atl: Changing legal perspectives of the requirement of insurable interest in insurance contracts.
      aug:
        au: Anifalaje, Kehinde
        affil: Department of Commercial and Industrial Law, Faculty of Law, University of Ibadan, Ibadan, 0234, Nigeria
      su:
        Nigeria
        Modern society
        Common law
        Insurance policies
        Insurance law
        Technical specifications
        Health insurance exchanges
      sug:
        subj:
          Modern society
          Common law
          Nigeria
          All Other Insurance Related Activities
          Direct individual life, health and medical insurance carriers
          Insurance policies
          Insurance law
          Technical specifications
          Health insurance exchanges
      ab: The article explores the requirement of insurable interest in insurance contracts and the varying degrees of statutory reforms thereto in the common law jurisdictions of the United Kingdom, Australia and Nigeria. It is argued that the doctrine has, most often than not, provided a technical defence to the insurers to evade just obligations. The statutory reform measures have addressed some perceived problems inherent in the strict application of the principle to meet the exigencies of contemporary society. It concludes that, notwithstanding the extent of the statutory reform in the Nigerian Insurance Law, further reform measures are desirable for greater improvement.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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