Insurance Law
University of Burdwan · LL.B. Semester 4 · LOC 3.4.7 (B)
Unit I
A. Introduction - Definition - History and development of Insurance in India- Nature of Insurance - Objective of Insurance- Classification of Insurance: Life, General, Social · B. Principles of insurance - Utmost good faith, Insurable Interest- Indemnity- Contribution- Subrogation · C. Contract of Insurance- Essentials and nature - Risk and Risk handling, Reinsurance
Unit II
A. Life Insurance- Nature and scope- Kinds of Life Insurance Policies- Policy and formation of a Life Insurance contract- Applicability of special principles in Life Insurance contract- suicide and life insurance, Life Insurance Corporation Act, 1956 · B. Fire Insurance- Nature and scope- Basic Principles- Rights and duties of parties · C. Marine Insurance - nature and scope- Classification of marine insurance policies- Maritime perils- Total loss and Partial loss- Marine Insurance Act, 1963
- Life Insurance — Nature, Principles and Scope Events insured against life, life insurance
- Fire Insurance: Nature and scope of Fire Insurance — Basic Principles — Conditions & Warranties, Right & Duties of Parties, Claims and other
- Marine Insurance: Nature and Scope — Classification of Marine policies — The salient features of the Marine Insurance Act, 1963, Insurable interest, Insurable value, Seaworthiness, Hull and Cargo Insurance
- Marine Insurance policy, Conditions and express Warranties, Voyage Deviation, Perils of sea, Loss — Kinds of Loss of ship and of freight
- The Marine Insurance Act, 1963
- The Life Insurance Corporation Act, 1956
Unit III
A. Health insurance · B. insurance · C. Public liability insurance · D. Aviation insurance
Unit IV
A. Personal Accident Insurance · B. Travel insurance · C. Property Insurance · D. Motor vehicle insurance
- Property Insurance: Policies covering risk of explosion, earthquake, and flood. Policies covering accidental loss, damage to property, construction risks
- Motor Vehicles Act, 1988, Salient features, (Chapter — VIII), Nature and Scope, persons
- Insurance pertaining to Life and Personal Accidents, Hospitalization
Unit V
A. Insurance Act, 1938 · B. The Insurance (Amendment) Act, 2002 · C. IRDA Act, 1999 · D. IRDA Regulations, 2002