CBMU Educational Seminar on the Marine Insurance Act - Hosted by Marc D. Isaacs
October 20, 2016-
2016-10-20 2016-10-20 CBMU Educational Seminar on the Marine Insurance Act - Hosted by Marc D. Isaacs America/New_York
The CBMU is hosting an educational program on the Marine Insurance Act, generously provided by Marc D. Isaacs. The program will continue over a series of three sessions, each will be approximately two-and-a-half to three hours in length, with a light sandwich lunch being provided.
Topics & Dates:
Session 1: Wednesday, Sep. 28, 2016:
The Marine Insurance Act in General
- The history and origins of Marine Insurance and the Marine Insurance Act.
- A little history on placement of insurance, how Lloyd's works
- The place of the Marine Insurance Act in Canadian law and constitution.
- Sources of jurisprudence and interpretation of Marine Insurance in Canada.
- General approaches to interpretation of insurance policies, coverage and exclusions.
- The seven key concepts of Marine Insurance and the Marine Insurance Act, including:
- Insurable interest;
- Indemnity;
- Duty of good faith;
- Warranties;
- Subrogation;
- Peril of the sea;
- Proximate cause.
- Looking at sections of the MIA that cover those concepts
Session 2: Thursday, Oct. 20, 2016:
Hull Insurance and the Marine Insurance Act
- Continuation from Session One.
- Distinction between insurable value, insured value, and sum insured.
- Disclosures, representations and good faith.
- Material misrepresentations/material change in risk and the concept of materiality.
- Warranties.
- Hull losses and in particular, partial loss, TLO, CTL and abandonment.
- Hull salvage.
- Looking at specific hull insurance policies.
Session 3: Wednesday, Nov. 16, 2016:
Marine Liability Insurance, the Marine Insurance Act and the Marine Liability Act
- An introduction to the Marine Liability Act.
- P&I Clubs and fixed premium insurance.
- Salvage.
- General average.
- Cargo damage claims and liability.
- Pay to be Paid clauses.
- The duty to defend and indemnify.
- Damages to third party property such as collisions.
- Personal injuries.
- Joint and several liability.
- Assessment of damages.
- Limitation of liability.
Time: 11:00 AM - 3:00 PM
This is an in-depth seminar that will delve into issues in a more detailed manner than a standard CBMU seminar. This course will be taught in a class-room type environment and will also be available as a webcast. Some advance reading will be required.
Reading Materials:
CBMU Educational Seminar Series Title Page Index (002)
CCR Fishing Ltd. v British Reserve Insurance Co 1990
Century Insurance Co of Canada v Case Existological Laboratories 1983
Constitution Act 1867 sections 91 and 92
Edinburgh Assurance Company v RL Burns Corp (1979)
Institute Time Clauses - Hulls
Institute Voyage Clauses - Hulls
Marine Insurance Act - Current to August 29, 2016
Marine Liability Act (Parts 1 through 5) current to August 29, 2016
SP-23 Form - Protection and Indemnity Policy
Zavarovalna Skupnost Triglav v Terrasses Jewellers Inc. 1983
Presenter:
Marc Isaacs is one of Canada's leading Admiralty, Maritime, Transportation and Insurance lawyers. Over the last 20 years, Marc has had a varied litigation practice, with a special emphasis on insurance and transportation related cases.
Following his law school graduation and several years in practice, in 2002 Marc received his Master of Laws (LL.M.) in Admiralty (with distinction) from Tulane University School of Law. Marc returned to Toronto and joined the predecessor to Isaacs & Co. in 2003, and became a partner in 2006.
Marc is the National Vice-President – Ontario of the Canadian Maritime Law Association, a Past President of the Canadian Transport Lawyers Association and a Past President of the Marine Club. In addition Marc is an active speaker and participant in the Canadian Board of Marine Underwriters and a member of the Advocates' Society. Marc is also an Adjunct Professor of Admiralty Law at the University of Toronto Law School.
Location:
The Advocates' Society
2700 - 250 Yonge St.,
Toronto, ON., Canada, M5B 2L7
We would like to welcome all individuals participating in the marine community, focusing on those new to the industry, those who would like to expand their knowledge on specific lines or are simply looking for a refresher.
We hope to see you there.
How to Register:
You can conveniently register online for one, or all three sessions.
*Cancellation Policy: There will be no refunds, but substitutions are permitted.