Law of Insurance

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Description
Law of Insurance has its origin and roots in England and has a long history. It entered India along with British rule. Many foreign insurance companies started the business of insurance and some Indian businessmen joined it as it is profitable. There was rapid growth of the business of insurance in  India.The Government of India nationalised both the Life Insurance and General (non-life) insurance in the interest of nation. after, due to liberalisation policy of government, 'privatisation' took place in all sectors of business. At present, there are both public and private companies in the insurance business. The State enacted laws to control and regulate life and non-life insurance business. Now, both professionals and common men are concerned with that of insurance. No one is there in India without having one or other policy of life or non-life insurance policies. As the Insurance Law plays an important role, all Indian Universities made the Law of Insurance as a compulsory subject in Law Degree Courses. The Author presents this text on Law of Insurance following the syllabi of Bar Council and different Universities. No text-book writer can claim originality of thought as he has to explain the prescribed topics based on given references.The readers of this text-book are advised to use this volume for academic purposes only.
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Contents
Unit - I Insurance Business
1.   Growth of Insurance Business in India
2.   Institute of Insurance and Economic Development
3.   Definition and Nature of Insurance
4.   Applicability of Indian Contract Act, 1872 to the Contracts of Insurance
5.   Difference Between Contract of Indemnity, Contingent, Wager and Insurance
6.   Principle of Utmost Good Faith (Uberrima Fides)
7.   The 'Contra Proferentum' Rule and the Ambiguous Clauses of the Insurance Contracts
Unit - II Life Insurance
1.   History, Definition and Nature of Life Insurance
2.   Kinds of Life Insurance (Classification of Life Insurance Polices)
3.   Insurable Interest
4.   Premium
5.   Risk
6.   Certificate of Insurance
7.   Doctrine of Subrogation and Contribution
8.   Rights and Liabilities of Insurer and Insured Person
9.   Life Insurance Contract
10.  Policy and conditions or construction of Life Insurance Policy
11.  Insurance Act, 1938
12.  Personal Accident Insurance
13.  Establishment and Functioning of Life Insurance Corporation (LIC) of India
Unit - III Marine Insurance
1.   General Insurance
2.   Nature and Scope of Marine Insurance
3.   Classification of Marine Insurance
4.   Marine Insurance Policies and Kinds of Marine Policies
5.   Voyage
6.   Losses
7.   The Perils of the Sea
8.   Implied Warranties in Marine Insurance Contract
9.   Assignment of Marine Policy
10.  Other Provisions of Marine Insurance Act
Unit - IV Fire Insurance
1.   Nature of Fire Insurance Contract
2.   Scope of Fire Policy
3.   Cover Note
4.   Right to Contribution and Right to Average
5.   Principle of Reinstatement
6.   Double Insurance and Reinsurance
7.   Doctrine of Approximation
8.   Burglary Insurance
Unit - V Social Control on Insurance Business
1.   Need of Social Control
2.   Purpose of Compulsory Insurance (Employees' Liability Insurance)
3.   Rights of Third Parties Against Insurers
4.   Public Liability Insurance
5.   Settlement of Insurance Disputes
6.   Health Insurance
7.   Some Miscellaneous Insurance Policies
8.   Insurance Regulatory and Development Authorities Act, 1999
Bibliography
Subject Index
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Author Details
Dr. S.R. Myneni, M.A., M.Ed., LL.M., Ph.D., P.G. Diploma in Journalism & Mass Communication, P.G. Diploma in Econometrics, P.G. Diploma in
Mathematics Ekadhika in Vedic Mathematicss, Rashtra Bhasha Praveena (Hindi) Diploma in Russian Language.
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