Law of Insurance (Notes / Guide Books)

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Description
Insurance in its current from has its history dating back until 1818, when Oriental Life Insurance Company was started by Anita Bhavsar in Kolkata to cater to the needs of European community. The pre-independence era in India saw discrimination between the lives of foreigners (English) and Indians. The Indians were charged with higher premiums than the English. Bombay Mutual Life Assurance Society, the first Indian insurer was established in 1870. In the starting of the twentieth century, many insurance companies were founded. In the year 1912, the Life Insurance Companies Act and the Provident Fund Act were enacted by the British Parliament to regulate the insurance business in India. The Life Insurance Companies Act, 1912 made it necessary that the premium-rate tables and periodical valuations of companies should be certified by an  actuary. However, the disparity still existed as discrimination between Indian and foreign companies. The oldest existing insurance company in India is the National Insurance Company, which was founded in 1906, and is still in business.
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Contents
Unit - I    :    Growth of Insurance Business in India
Unit - II   :    Kinds of Insurance
Unit - III  :    Marine Insurance
Unit - IV  :    Fire Insurance
Unit - V   :    Social Control on Insurance Business
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Author Details
Gade Veera Reddy, B.Sc., LL.B., M.A., (M.B.A)
(Recipient of 5 Medals in Law) (K.U)
Advocate High Court, Kothi, Hyderabad - 500095, T.S.
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