INS 314 Theory Questions: Assignment in Motor Insurance Contracts: Key Concepts and Legal Precedents

300 Level  Department of Insurance exam questions and detailed answers. Download the answers in document format. Correct, detailed, and straightforward answers.

Questions:

a. What is assignment under a motor insurance contract?
b. Differentiate between assignment of the subject matter of insurance and the transfer of benefits under the policy.
c. Illustrate the above using the case of Peters v General Accident Fire & Life Assurance Corporation Ltd. (1938).

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