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QQI Level 5 The Law and Insurance 5N3788 Assignment Example Ireland 

In this assignment example, we shall focus on and discuss 5N3788 The Law and Insurance QQI Level 5. We shall elaborate on all the major learning outcomes, and assessment techniques that can be used in the assessment evaluation of the learners.

The purpose of the course unit is to make the learners efficient and competent in the legal practice and principles specializing in insurance and its application of law in the insurance market.

5N3788 The Law Insurance QQI Level 5 Assignment Sample Ireland

The QQI component of the course module has 15 credit values in the (NFQ) National Frameworks of Qualifications.

Course Title – The Law and Insurance
Award Type – Minor
Code – 5N3788
Level – 5
Credit Value – 15

Learning Outcomes of the 5N3788 The Law and Insurance QQI Level 5 Course

The learning outcomes of this course module shall cover the role of three legal bodies or authorities of government, essential features, elements of an insurance contract, the concept of public, private, criminal, and civil law, the doctrine of precedent, the principle of utmost good faith, and breach of contract and remedies, formation of the insurance contract and types of contracts, etc.

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These are the following learning outcomes of the 5N3788 The Law and Insurance QQI Level 5 assignment activity:-

Explain Essential Principles and Elements of Insurance Contract 

Insurance is done specifically to transfer the risk from an individual to a group that shares his losses on an equitable basis by each member of the group.

In an insurance contract, one party is one who agrees to pay the amount of compensation called an insurer and the other party is the aggrieved party who faces the losses and the consideration paid is the amount of premium. It is a legally binding agreement where the contract is entered upon by the parties with free will and consent.

An insurance contract can either be a laboratory, conditional, adhesion, or a unilateral contract that needs to be legally enforced. Contract of insurance is made on the principle of utmost good faith, insurable interest, indemnity contribution, subrogation, causa Proxima, and minimization of loss. It has several benefits for any future investment and tax benefits, security of family, and promotion of the country’s economy. The various types of insurance are home, health, travel, motor, mortgage protection, and life insurance.

The key elements of an insurance contract include an offer and acceptance, legally competent parties, consideration, utmost good faith, free consent, legal object, legal purpose, conditions, duties of parties, full and true disclosure of facts, and insurable interest, etc.

Learners shall be asked about the various elements and principles of the insurance contract and other contracts in theory-based exams.

Exploring the Concepts of Public, Private, Criminal, and Civil Law and Doctrine of Precedent

The learners through a study and exploration can understand the concepts of public, private, civil, and criminal law, and also the doctrine of precedent and shall be instructed to prepare an assignment brief for an evaluation.

Public law is the law that governs the relationship between the legal persons and government and the different institutions within a state and relationships between the different individuals in the society. It includes the constitutional, tax, procedural, administrative law,

While private law is the civil law system that involves the only relationship between different individuals such as contact and torts.

Criminal law is for purpose of dealing with crimes that are against the society itself that may include harm to the health, moral welfare of the public, property, and security of people. It is punished by the state of the law for violation of such laws.

Civil law is for any damage to the individual property and payment of compensation for any such damage.

The common law has developed through the doctrine of precedent which is based on the principle of stare decisis where legal decisions or rules made by the judges of higher courts shall act as a precedent for decisions made by the lower courts in the future.

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Discuss the Principles of Utmost Good Faith and Types of Breach of an Insurance Contract and Remedies 

The doctrine of utmost good faith is the principle that is used in the insurance contracts also known as uberrimae fidei in Latin. In this, the party involved must act honestly and not mislead or keep important information from the other party. Any violation of the doctrine of good faith can make a contract void and lead to legal action.

Any non-disclosure of information or parties misrepresentation will be accounted for legal action and be considered fraudulent. The types of breach of insurance contract could be a fraudulent or non-fraudulent representation and disclosure.

The remedies for such breach of contract are to avoid the whole contract within a reasonable time, sue for the damages in case of any fraud or negligence on the part of the parties misrepresentation, and waiving of the breach. Learners need to study thoroughly the principles of insurance contracts, types of breaches, and remedies and need to present an assignment brief for the assessment evaluation.

Examining the Requirements for Insurance Contract and Meaning of Void, Voidable and Illegal Contracts and Principle of Proximate Cause

An insurance contract is a legally binding agreement that has similar prerequisites as the other contract’s formation. It requires an agent for selling policy who is the offeror and the insured party will be the acceptor and acceptance is made with consideration in the form of premium. This enforced contract must have a legal object and purpose.

Learners must know the meaning of void, voidable, void ab initio, and illegal contract during the course. A contract is void when it cannot be legally binding from the initial and cannot be enforceable by law. Whereas voidable contracts are formal agreements between the parties where the contract can not be performed by one or both parties.

Such a contract is voidable due to mistake, fraud, undue influence, or breach of contract. While the illegal agreement is not enforceable in itself and by the court as the object of this is illegal.

The principle of proximate cause is the activation of a certain chain of events that is sufficient to cause an injury and the court thinks that it deems fit to cause an injury. These can be asked in the examination of the college by the assessor for an assessment evaluation.

Assessment Techniques for the 5N3788 The Law and Insurance QQI Level 5 Course

To display the skills, competence, efficiency, and knowledge of the learners and analyze whether they have achieved their learning outcomes.

The learning assessments need to be undertaken by the learners.

All learning outcomes must be assessed and achieved with the help of the minimum intended module learning outcomes set out in the validated program.

The assessor devises various assessment instruments which need to be inconsistent with QQI’s assessment requirements.

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Assessment Evaluation
Assignment – 60%
Examination Theory -40%

There are two assignments that need to be submitted by learners and the assignment shall have 30% weightage each.

  • Assignment is meant for a shorter period of time, unlike the Project which is being carried out for a specific period of time. It is made in response to a brief with specific guidelines.
  • Examination Theory shows the ability of a learner to recall his knowledge and skills within a set period of time and application of specific theory and knowledge.

Grading System
Pass -50%-64%
Merit -65%-79%
Distinction -80%-100%

Get solved 5N3788 The Law Insurance QQI Level 5 Assignment

The above-written assignment example is based on the 5N3788 The Law and Insurance QQI Level 5 course module.

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