RRLLB81 Assignment 3 (Portfolio) Semester 2 2024 | Due 8 November 2024

Description

RRLLB81 Assignment 3 (Portfolio) Semester 2 2024 | Due 8 November 2024. All questions answered. Declaration of Authenticity Page 4
Abstract Page 5
Keywords Page 5
List of Abbreviations and Acronyms Page 5
1.INTRODUCTION Page 6
1.1.Background to the Research Problem Page 6
1.2. Problem Statement Page 7
1.3. Research Question and Hypothesis Page 7
1.4. Purpose of the Research Page 7
1.5. Structure of the Report Page 8
2. THE NATURE AND SCOPE OF LIABILITY INSURANCE Page 8
2.1. The Concept of Liability Insurance Page 8
2.1.1. Definition and Scope of Liability Insurance Page 8
2.1.2. Difference Between FP and TP Page 9
2.1.3. The Role of Liability Insurance in Indemnifying the Insured Against Third-Party
Claims
Page 9
2.2. Legal Framework Governing Liability Insurance in South Africa Page 10
2.2.1. Analysis of Case Law in South Africa Page 10
2.2.2. Lack of a More Solid and Powerfully Built Statutory Framework Page 11
3. LEGAL CHALLENGES IN LIABILITY INSURANCE Page 13
3.1. The Duty of the Insurer to Indemnify the Insured Page 13
3.1.1. Legal Obligations of the Insurer in Indemnifying the Insured Page 13
3.1.2. Analysis of Complexities Involved in Indemnity Page 14
3.1.3. Analysis of Judicial Decisions on Disputes of Indemnification Page 14
3.2. The Management of Third-Party Claims Page 15
3.2.1. The Role of the Insurer in Defending and Settling Third-Party Claims Page 15
3.2.2. Legal Challenges in Managing Third-Party Claims Page 15
3.2.3. Analysis of Case Studies in South African Case Law Page 16
4. CONCLUSION Page 17
5. REFERENCES Page 18