International Insurance Law

Paper instructions:
Title:

‘The doctrine of insurable interest in English law reflects the social and economic conditions and the commercial insurance practices of the late eighteenth century.  All these have changed but the English common law has not.  The best way forward for the Law Commission is, simply, to recommend that the doctrine be abolished.’

To what extent, if at all, do you agree with this statement?  And what recommendations would you make for reform of the doctrine of insurable interest under English law?  Your discussion should include a critical analysis of the operation of the doctrine of insurable interest in at least one jurisdiction other than England.

40 references

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