The Principle Of Opportunism And Its Effect On The Insurance Business In Kenya.

TABLE OF CONTENTS

DEDICATION ............................................... .iv

DECLACLARATION .. ..................................... V

APPROVAL ................................................... vi

ACKNOWLEDGEMENT .................................... vii

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CHAPTER ONE

1.0 Introduction .......... . ...................................... 1

1.1 Background of the Study ................................ .4

1.2 Statement of the Problem ................... . ...... ....... 5

1.3 Objective of the Study ..... . ......... . . ... ... .. ... .. . . .. .. 7

1.4 Significance of the Study .......... . ......... .... .. ..... .. 7

1.5 literature review ........ .............. . ...... ... .. . ... .... . 7

1.6 Hypothesis .............................. . .. . ............... 9

1.7 Scope of the Study .......... . ........ . .. .. . . .. ... .. . ..... . 10

1.7.1 Geographical scope .............................. .... .. 10

1.7.2 Content scope ... .. .......... . . .. .... .. ... . .... . . .. .. . . .. .. 10

1.8 methodology ................. . ........................ . .. 10

1.9 Chapterization ................................................................ 10

CHAPTER TWO

2.1. lntroduction ................................................................................... 12

2.2 Indemnity explored ................................................ 13

2.2.1 Where the Payment is made as a Gift .............................. 15

2.2.2Where the Payment is made under a Contract.. ............................... 18

2.2.3 Where the payment is made by tortfeasor ............................. 19

2.3 Indemnification before Payment.. .................................. 20

2.4 Indemnification after Payment ......................................... 22

2.5 The Measurement of Loss ............................................... 25

2.5.1 Total Loss .................................................................. 25

2.5.2 Partial Loss .................................................................. 26

2.6 Conclusion ..................................................................... 27

CHAPTER THREE

3.0 Introduction ........................................................................................ 28

3.1 Subrogation explored ................................................... 30

3.2 The insured cannot make a profit.. ................................................. 30

3.2.1 Full Indemnity ..................................................... 32

3.2.2 A Surplus .................................................................................................. 35

3.2.3Gifts ............................................................................. . 36

3.3 The Insurer's claim for interest ....................................... 37