An Analysis Of The Law Relating To Insurable Interest In Life Insurance Vis-.0.-Vis Property Insurance

TABLE OF CONTENT

)ECLARATION ............................................................................................... ii

~PPROVAL .................................................................. , ........... iii

)EDICATION .................................................................................................... iv

~CKNOWLEDGEMENT ............................................................... v '

fABLE OF CONTENT .................................................................. vi

:HAPTER ONE ......................... .' ........................................... 1

l.O Introduction ................................................................................................................. 1

l .1 Background of the Study ................................................................................................ 1

l.2 Statement of the Problem .............................................................................................. 2

l.3 Research Questions ............ : ......................................................................................... 3

l.4 Objectives of the Study ...... : .......................................................................................... 3

l.4.1 General Objectives ..................................................................................................... 3

l.4.2 Specific Objectives ..................................................................................................... 3

l.5 Significance of the Study ............................................................................................... 4 '

l.6 Scope of the Study ............................................................................................... 4

lJ Methodology ............................................................................................. 5

l.8 Literature Review ............... :: ......................................................................................... 5

l.9 Chapterisation ................... , ............................................ 8

:HAPTER TWO ........................................................................................................... 9

/\/HAT IS A LIFE INSURANCE CONTRACT? SHOULD IT BE LIFE INSURANCE OR LIFE

\SSURANCE? ..•....................... ,.' ........................................ 9

1.0 Introduction ................................................................................................................. 9

1.1 The Definition of a Life Insurance Contract ................................................................... 10

1.2 Entering into a Life Insurance Contract and the Subsistence of such Contract .................. 13 ,

1.3 Conclusion ......................................................................................................... 18

:HAPTER THREE ....................... · ............................................. 19

'ROPERTY INSURANCE: TYPES, PRINCIPLES AND DOCTRINES GOVERNING PROPERTY

NSURANCE CONTRACTS IN UGANDA ................................................................................ 19

3.0 Introduction .......................•....................................................................................... 19

3.1 Definition of a General/Property Insurance Contract ...................................................... 19

3.2 Types of Property/General Insurance Contracts in Uganda ............................................. 20

3.3 Principles and Doctrines governing Property Insurance ................................................... 22

3.4 Conclusion ........................................................................................................ 25

:HAPTER FOUR ................................................................................................................ 26

:NSURABLE INTEREST IN LIFE INSURANCE AND PROPERTY INSURANCE CONTRACTS .......... 26

!:O Introduction ......................................•........................................................................ 26

!.1 The Creation and Existence of an Insurable Interest in Life Insurance/ Assurance Contract 27

!.2 The Creation and Existence of an Insurable Interest in Property Insurance Contracts ....... 32

!.3 The Effect of an Insurable Interest on an Insurance Policy .•...........•............................... 35

f.4 Conclusion .•................................................................................................. 36

:HAPTER FIVE .................................................................................................. 37

,UMMARY, FINDINGS, GENERAL CONCLUSIONS AND SPECIFIC RECOMMENDATIONS ........... 37

,.0 Summary of the Study ................................................................................................. 37

,.1 Findings ................................................................................................. 38

,.2 General Conclusions .....•.•...•.................................................................................. 39

;.3 Specific Recommendations .......................................................................................... 40

tEFERENCES ............................................................................................... 41