Insurance law
Exam papaer 2023 Exam paper 2024 Revised syllabus sem 3 origin, development, evolution of insurance in india role functions and powers of irdai collective bearing of risk is insurance. functions of insurance meaning and benefits of a multipurpose policy general principles of insurance various types of life insurance policies landmark cases indemnity principle landmark cases contribution principle rights and duties of a policyholder social insurance double insurance in fire insurance and rights of insurer Public Liability Insurance Act, 1991 & the Rule of No-Fault Liability Unit 1 Definition, Nature, and history of insurance Insurance is a contract wherein one party (the insurer) agrees to compensate the other (the insured) or pay a specified amount upon the occurrence of a particular event, in exchange for a premium. The primary objective of insurance is to provide financial protection against risks and uncertainties. Legal Definition : Section 2(11) of the Insurance Ac...