Understand the main principlesgoverning the formation of insurance contracts
5.1 Explain how the principles of contract law apply tothe formation of insurance contracts.
5.2 Explain the concept and key elements of insurableinterest.
5.3 Explain how the law of insurable interest applies tothe main classes of insurance.
5.4 Explain the duty of fair presentation in non-consumerinsurance.
5.5 Explain the effects of breach of the duty of fairpresentation in non-consumer insurance.
5.6 Explain the duty to take reasonable care not to makea misrepresentation in consumer insurance.
5.7 Explain the effects of breach of the duty to takereasonable care not to make a misrepresentation inconsumer insurance.
5.8 Apply the main principles governing the formation ofinsurance contracts to practical situations.
