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What you'll be able to do (official learning outcomes)
provide an outline of the origins and history of marine insurance
learn how the marine insurance market is organized in different types of contracts and what is covered under these contracts
describe the purpose and function of the insurance markets
describe the procedures whereby insurance is affected
learn what kind of issues the insurance contracts address
explain the concepts of damage and loss and assess the implications; and
Course contents
Insurance market: General introduction to insurance as related to transport, History and development of Marine Insurance and Lloyd’s, Difference between Lloyd’s and Company Insurance Markets, Function and relationship of Underwriter and Broker, Method of effecting Marine Insurance, Original slip, Broker’s Cover Note.
Source: the Nigerian Universities Commission (NUC) Core Curriculum and Minimum Academic Standards (CCMAS). StudyOps loads this syllabus automatically when you study INS 404.