1. The essence of insurance is indemnity and the rights of the parties depend on this How far is this true?

1. "The essence of insurance is indemnity and the rights of the parties depend on this" How far is this true? Illustrate your answer by examples and where possible by decided cases.

2. What duty of disclosure rests on the insured?

3. Describe the rule of "Res Ipsa Loquitor" with repsect to the tort of negligence