Introduction Many insurance policies or products were designed base on the identification of a social need. The primary role of insurance is to assist individuals and organizations. This is the main reason why all insurance practitioners and professionals must therefore adhere to high ethical standards when considering what product, policy, or coverage might be suitable […]

The President of Ghana has tasked the Engineering Council of the Ministry of Works and Housing to conduct a comprehensive integrity audit of all public buildings to enable the government to effectively plan for earthquakes and other natural disasters. The meeting was organised by the Ministry of the Interior on the theme: “Building Resilience to […]

A contract has been defined as a legally enforceable agreement. Various elements make a contract a legally enforceable agreement. These include agreement (offer and acceptance), capacity (the competence of all parties), mutual assent, consideration, legal purpose, and the form required by law. These are found in most general contracts. Features of Enforceable Contract Agreement An […]

A third-party beneficiary, in the law of contracts, is a person who may have the right to sue on a contract, despite not having originally been an active party to the contract. This right arises when the third party is the intended beneficiary of the contract, as opposed to a mere incidental beneficiary. Third-party relies […]

Introduction A person cannot buy life insurance on the life of a stranger, hoping to gain if the stranger dies. Insurers normally sell life insurance when there is a reasonable expectation of a financial loss from the death of the insured person, such as the loss of an insured’s future income that the insured’s dependents […]

Introduction What will an insurer pay when a vehicle with motor comprehensive insurance right-side driving mirror gets damaged by another vehicle and we are not able to obtain one side mirror but to purchase the pair? Will the insurer pay for the cost of the pair or just the right side mirror that got damaged? […]

Introduction A contract has been defined as a legally enforceable agreement. We have explained in our earlier write-ups the elements that make a contract be legally enforceable agreement. These we said include agreement (offer and acceptance), capacity (the competence of all parties), mutual assent, consideration, legal purpose, and the form required by law. Insurance contracts […]

Introduction A contract has been defined as a legally enforceable agreement. We have explained in our earlier write-ups the elements that make a contract be legally enforceable agreement. These we said include agreement (offer and acceptance), capacity (the competence of all parties), mutual assent, consideration, legal purpose, and the form required by law. Insurance contracts […]