LML4805 ASSIGNMENT 2 SEMESTER 1 2023

LML4805 ASSIGNMENT 2 SEMESTER % TRUSTED workings, explanations and solutions. For assistance call or us on . Peter insures his own life for R10 million and appoints his wife Maggie as the sole beneficiary in terms of the life policy. The policy contains a clause stating that the insurer will not be liable to pay for suicide committed within three years of the policy’s existence. After one year and four months after concluding the contract, ''''Jack''' commits suicide. Maggie now wishes to claim from Peter’s insurer, but the insurer advises her that suicide is an intentional act, and therefore not covered by an insurance contract. Advise Maggie whether the insurer will be liable to pay the claim in terms of South African insurance law Peter and his husband Thabelo are in business together as florists. Deliveries for the business are done by a vehicle owned by Peter. Thabelo insured this vehicle in his own name. When the vehicle is damaged by a severe hailstorm and Thabelo lodges a claim against the insurer, the insurer refuses to pay. It contends that Thabelo had no insurable interest in the vehicle. Advise Thabelo on his legal position.