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What you'll be able to do (official learning outcomes)
explain the principle of indemnity and method of providing an indemnity
discuss the factors which limit, reduce, extend or modify the principles of indemnity
explain the principles of subrogation and contribution as corollaries of the principle of indemnity
discuss the application of the principles of subrogation and contribution by policy conditions and market practices
differentiate between cover notes and certificates of insurance
identify the scopes and types of compulsory insurances
Course contents
Doctrines of insurance operations. Measuring the loss: the principle of indemnity. Subrogation and contribution. Proximate cause. Practice and structure of the insurance market: Nature of agreement between intermediaries and their principal, delegation of authority by insurers and characteristics of the main types of insurers.
Source: the Nigerian Universities Commission (NUC) Core Curriculum and Minimum Academic Standards (CCMAS). StudyOps loads this syllabus automatically when you study INS 102.