, Table of Contents
1. ‘Insurance contracts may be classified according to various criteria and these
classifications are not always mutually exclusive.’ Explain whether this statement is
correct, with specific reference to the classifications of ‘life insurance’, ‘long-term
insurance’ and ‘non-indemnity insurance’. Also provide relevant examples to support
your explanation. (5)………………………………………………………………...…3
2. What is the difference between the contra proferentem rule and the rule of
interpretation favouring the insured? (5)………………………………………………4
References……………………………………………………………………………..6
1. ‘Insurance contracts may be classified according to various criteria and these
classifications are not always mutually exclusive.’ Explain whether this statement is
correct, with specific reference to the classifications of ‘life insurance’, ‘long-term
insurance’ and ‘non-indemnity insurance’. Also provide relevant examples to support
your explanation. (5)………………………………………………………………...…3
2. What is the difference between the contra proferentem rule and the rule of
interpretation favouring the insured? (5)………………………………………………4
References……………………………………………………………………………..6
