Banking and Insurance Law
Shivaji University, Kolhapur · LL.B. Semester 4 · DSC-404
Unit I — INTRODUCTION TO BANKING
1.1 Nature of Indian Banking Business · 1.2 Banker and Customer Relationship · 1.3 Banker’s duty of secrecy · 1.4 Banker’s duty to honour cheques, · 1.5 Banker’s lien, and banker’s right to set off
Unit II — LAW RELATING TO NEGOTIABLE INSTRUMENTS
2.1 Negotiable Instruments, 1881 Act R/w amended Act of 2002 – Salient features · 2.2 Negotiable Instruments – Kinds · 2.3 Sec.138 of Negotiable Instruments Act – procedure of filling complaint, Defenses and Punishment · 2.4 Penal provisions under Negotiable Instruments Act 1881.
Unit III — BANKING REGULATION
3.1 RBI – Constitution, Management and Functions · 3.2 Banking Regulation Act, 1949 – Salient features. · 3.3 Information Technology and E- Banking - · 3.4 Bankers Book Evidence Act,
Unit IV — GRIEVANCE REDRESSAL AND DEBT RECOVERY
4.1 RBI – Grievance Redressal Agency · 4.2 Banking ombudsman, Powers & functions. · 4.3 Role of Consumer Forums · 4.4 Debt Recovery Tribunal
Unit V — INTRODUCTION TO INSURANCE LAW
5.1 Nature of Contract of Insurance · 5.2 Principle of Insurable Interest · 5.3 Principles of good faith · 5. 4 Effect of Misrepresentation in Insurance Contract
Unit VI — LIFE INSURANCE CONTRACTS
6.1 Risk and circumstance affecting the risk · 6.2 Amount recoverable under the Life Policy · 6.3 Persons entitled to payment · 6.4 Settlement of claim and payment of money
Unit VII — GENERAL INSURANCE CONTRACTS
7.1 The Motor Vehicles Act, 1988 – Sec. (140-176) · 7.2 Absolute or no fault liability. · 7.3 Third party or compulsory insurance of motors vehicles · 7.4 Claims Tribunal – Public Liability Insurance · 7.5 Own Damages Claims · 7.6 Third Party Liability Claims
- Motor Vehicles Act, 1988, Salient features, (Chapter — VIII), Nature and Scope, persons
- Motor Vehicle Act, 1988
- Compulsory Insurance Relevant Statutes
- Public Liability Insurance: Public Liability Insurance Act, 1991 (An Overview) Claims, Role of Consumer courts and Insurance Ombudsman
- Public Liability Insurance Act, 1991
Unit VIII — REGULATION OF INSURANCE BUSINESS
8.1 Life Insurance Act, 1956 – Salient features · 8.2 General Insurance Act, 1972 – Salient features · 8.3 Insurance Regulatory & Development Authority Act 1999-Salient features · 8.4 Insurance Ombudsman-Powers & functions. · 1. M. L. Tannan – Law of Banking. · 2. M. S. Parthasarathy (Ed.) Khergamvala-Negotiable Instruments Act. · 3. Avtar Singh – Negotiable Instruments Act. · 4. Basu – Review of Current Banking: Theory and Practice. · 5. L. C. Goyle – The Law of Banking and Bankers. · 6. K.S.N. Murthy and K.V.S. Sharma – Modern Law of Insurance in India. · 7. M. H. Srinivasan – Principles of Insurance Law. · 8. E. R. Hardy Ivamy – General Principles of Insurance Law, · 9. The Life Insurance Corporation Act, 1956. · 10. Motor Vehicle Act, 1988. · 11. Recovery of debts due to Banks & Financial Institutions Act 1993.