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What you'll be able to do (official learning outcomes)
appreciate the task of risk underwriter, and classify insurance items that fall between physical and moral hazards
describe practices used in the calculation of reserves
apply principle of contribution to losses; use policy formula to calculate business interruption claim settlement
describe procedure for settlement of claims in event of dispute
state merits and demerits of arbitration in claims settlement
identify various parties to construction contract and liabilities for independent contractors
Course contents
Property and pecuniary insurance risk assessment. Property and pecuniary insurances administration and accounts management. Claims principles and procedures. Construction insurance: development and structure. Construction contracts: Joint contract Tribunal (JCT), 1998 edition with amendments.
Source: the Nigerian Universities Commission (NUC) Core Curriculum and Minimum Academic Standards (CCMAS). StudyOps loads this syllabus automatically when you study INS 304.