Insurable Interest and the Law

Name: Insurable Interest and the Law
Brand: Taylor & Francis

Taylor & Francis

Insurable Interest and the LawAuthor(s): Franziska Arnold-Dwyer\nFormat: Hardback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9780367076672, 978-0367076672\nSynopsis\nThis book assesses the role of the doctrine of insurable interest within modern insurance law by examining its rationales and suggesting how shortcomings could be fixed.\n\nOver the centuries, English law on insurable interest a combination of statutes and case law has become complex and unclear. Other jurisdictions have relaxed, or even abolished, the requirement for an insurable interest. Yet, the UK insurance industry has overwhelmingly supported the retention of the doctrine of insurable interest. This book explores whether the traditional justifications for the doctrine the policy against wagering, the prevention of moral hazard and the doctrines relationship with the indemnity principle still stand up to scrutiny and argues that, far from being obsolete, they have acquire.