10th Semester Integrated BBA LL.B (Hons) - Insurance Law - Notes, Question Papers and Syllabus
Insurance Law
Unit I
Nature And Definition Of Insurance – History Of Insurance Business In India – Regulation Of Insurance Business In India – IRDA: Functions And Powers. General Principles Of Insurance Law – Principle Of Good Faith – Non-Disclosure And Misrepresentation – Principle Of Indemnity – Insurable Interest – Attachment And Duration Of Risk – Excepted Perils.
Unit II
Insurance Policy – Classification Of Policies – Transfer And Assignment Of Policy – Construction Of Policy. Life Insurance – Insurable Interest – Factors Affecting Risk – Amount Recoverable – Settlement Of Claims.
Unit III
Fire Insurance And Marine Insurance – Special Features – Implied Terms In Marine Policy – Partial Loss And Total Loss – Measure Of Indemnity.
Unit IV
Property Insurance And Liability Insurance – Risks Insured – Motor Vehicle Insurance – Avoidance Of Liability – Motor Accident Claims Tribunal (MACT): Powers And Functions – Public Liability Insurance – Relevant Schemes And Authorities.
Unit V
Social Security Insurance – Sickness – Old Age – Unemployment – ESI – Insurance For Seamen.
Suggested Readings
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E.R. Hardy Ivamy – General Principles Of Insurance
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Arnold – Law Of Marine Insurance And Average
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B.N. Banerji – Law Of Insurance
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M.N. Sreenivasan – Principles Of Insurance Law