Insurance Law
Chaudhary Devi Lal University · LL.B. Semester 6 · 510 B
Unit I
be Definition, Nature and History of Insurance, Concept of Insurance and Law of Contract, History and Development of Insurance in India yr; Insurance Regulatory Authority: Role and Function, Contract of Insurance, Classification of Contract of Insurance and Nature of Various Insurance Contracts · , Principle of Good Faith-Non Disclosure · Misrepresentation in Insurance Contrary, Insurable Interest, Risk, Insurance Ombudsman
- 1. 1 Insurance: Definition, Nature, Scope, History, Its future, need and importance in India and across the globe
- Insurance Regulatory and Development Authority (IRDA) Act, 1999, IRDAI, its functions, role, structure
- Nationalization, Privatization and Globalization of Insurance Secto
- Insurance pertaining to Life and Personal Accidents, Hospitalization
Unit II
Nature and Scope of Life Insurance, Definition and Formation of Life In · Insured against Life Insurance Contract, Circumstances Affecting the Ris under Life Policy, Persons entitled to Payment · Nature and Scope of Marine insurance, Insurable Interest, Insurable Value, Conditions, Express · Warranties, Voyage-deviation, Perils of the Sea, Measure of Indemnity, Total Valuation Liability to Third Parties, The Marine Insurance Act-1963 · Cattle/Livestock Insurance: Essential Conditions, Claim and Compensation, Exceptions.
Unit III
Fire Insurance: Nature of Policy Amount Recoverable by Assured, Doctrine of Reinstatement, Doctrine of Subrogation, Doctrine of Contribution · Agriculture/Crop Insurance: Problems and Issues. National Agriculture Insurance Scheme-S · Features, National Crop Insurance Programme, Rainfall Insurance (Varsha Bima), Plant Insurance, Liability Insurance, Motor Vehicle {nsurance/Third · Party or Compulsory Insurance of Motor Vehicles and Computation of Compensation, Re-insurance
Unit IV
Important Elements in Social Insurance, its need, Commercial Insurance and Social Insurance, Workmen s Compensation: Scope, Risk Covered, Industrial Accidents, Occupational Diseases, Cash · Benefits, Incapacity, Amounts of Compensation, Nature of Injuries, Dependents schedule surance Contract, Event k, Amounts Recoverable alient · Public Liability Insurance Act: Scheme and Authorities