Insurance, Banking & Negotiable Instrument

Unit I — INSURANCE-I

Nature and Principles of Insurance: Definition-Kinds-Statutory Governance · Contract of Insurance: Nature-Essential Features-Types · Fundamental Principles of Insurance Contract

• 1. 1 Insurance: Definition, Nature, Scope, History, Its future, need and importance in India and across the globe

Unit II — INSURANCE- II

Insurable Interest · Premium · Risk

Unit III — NEGOTIABLE INSTRUMENTS

Concept, Meaning and Kinds of Negotiable Instruments. · Some General Terms Used for All Types of Negotiable Instruments: inland and Foreign Instruments, Time and Demand Instruments, Ambiguous Instruments, Inchoate Instruments, Escrow Instruments, Maturity of Instruments, Payment in Due Course, and Payment of Interest. · Liabilities of Parties to Negotiable Instruments.

• Negotiable Instruments Act, 1881

Unit IV — NEGOTIABLE INSTRUMENTS

Presentation of Negotiable Instruments · Negotiation of Negotiable Instruments · Dishonour and Discharge of Negotiable Instruments

• Negotiable Instruments Act, 1881

Unit V — BANKING

Banking: Meaning and History, Concept of Banking Companies. · Concept of Customer, Banks and Customers Relations. Customers Account and Banks. Banks Funding -Loans and Advances as means of. · Banking Ombudsman.

• Introduction — Concept of Banking
• Banking Regulation Act, 1949