You are on page 1of 2

i Appendix -A of Noti. No.

113
i dtd.28.10.14 AC. Reso.6 E

Nirma University
Institute of Law
Academic Year 2014-15
INSURANCE LAW
SEMSTER X

OPTIONAL COURSE V

B.A.,LL.B.(Hons. ) and B.Com.,LL.B. (Hons.) programme


Credit:3
Hours:45

Introduction
lnsurance is a device not to avert risks, calamities and disasters; but to mitigate their
rigours and financial losses. The operational fiamework of insurance idea is provided by the
gen:fl principles of contracq therefore subjected to all the judicial interp.etaiiu" techniques.
Besides, the insurance idea has a compensatory justice component. This Lrings it in the arena
of the law of tort as well. It is even suggested that a fully grown and diveloped law of
insurance may, if not totally displace, decrease the significance ofthe lar,v of tort.

This course is designed to acquaint the students r.vitli the conceptual and operational
parameters of insurance law in the context of the development of the generat principles of
law and judicial interpretation to inform the students about the use of ia.v for the
establishment of 'Just" order in insurance and to develop the appreciative and evaluative
faculties of the students.
Course Learning Outcomes:
At the end of tlre course students will

r
r
e

be able to:

Undorstand tho basic principlcs of Insularrce lan,.


Anafyse the role of insurance sector in ovcrall dcvclopment of natiol.
Evuluate the formation and iurplertrcntation ot'insurance contract.

Syllabus:

fntroduction
t.1

of Insurance; Nature of Insurance contract; Types of


and
Life
General
Insurance
Constitutional Perspective
Theory of Cooperation, Theory of Probability, Principles of lnsurance, Utmost Go6rl
Faitlu Insurable lnteresr
History and Evolution
Insurance

1.2
1.3

Gen6ral Principles
2.1

2,2

Proposal, Policy, Parties, consideration, Utmost Good faith, Insurable: Interest,


r :
lndemnity, Risk, Assignment,.A.lteration, Claims; Subrogation : .
The lnsurance Act 1938, IRDA; Double Insuranceandie-insurance, . :;
.

Dispute Relating to Insurance Claim

3.2

of Risk'
Indemnity, Subrogation, Causa Proxima, Mitigation of Loss, Attachment
Contrihtltion
Conrtitution,'Function and Powers of Insurance Regulatory and Development

3.3

Authority
Application of Consumer Protection Act, 1986

3.1

Life Insurance
4.1

Interest, Rish Settlement


Nature and scope, Events insured against Life, Insurable
of claim and PaYment of moneY.

General Insurance
5.1

5.2

1968 - Insurable Interest, conditions and warranties'


loss' etc'
deviation, abandonmen! perils of sea, general and average
subrogation' proximate
Fire Insurance - Nature'and Scope oi fire insurance, risk,

Marine Insurance

cause, etc

Act

Travel lnsurance, Burglary and theft insurance,

5.3

L*Jpt of Medical lnsurance,

5.4

Agricultural insurance.
fuiotot Vehicle Act: Claims and Compensation

6.1

6.2

International Insurance and Regulations


and settlement
Formation of [nternational Insurance contracts; Enforcement
bonu"",ions regutating lnsurance on Maritime and Nuclear disaster

References

l)

. 2)
:Sl

4)
5)

John f{anson and christopals Henly,

Hongkong, (1999)
peter

M*. Oonufi

All

Risks Property Insurahce, LLP Asia,

Eggers ond Patric Foss. Cood Faith

a,d

Insttrance Contracts LLP

Asia, Ilongkong, (l 998)


g.";.j"u, tunu iorururr.", Asia Law l{ouse. I{ydcrabad, ( 199.4) _
. . ; ..
Hyderabad' (1997)
llousc'
AsiaLarv
Insuratice
Mitra B.C, LawRei"ti"tt"f,airine
Mafine Insurance' ' Sweet & Ir4axwell'
JCB Gitrnar und M;dArnold on the Lau'of

it

fi981)
\/

lnsurance Law Srveet & Maxwell' (1997\


(1997)
Connrutlx's [-aw of Insurance, Srveet & Maxwell'
O'ln{aly on lr'larittc Insurance, S.rvgct & Maxwell' (1991)
iubour Office, Administration Practice of social Insurance

Ol ilitas, Modem

ij

Si
9) Intemationul
(1979)
iblr.n.IIardy lvamy,.Ceneml Principles of insurance Law

irira*in w. putt"rion, cases and M,11er-ials

iri

on Law ot.insf

1119e.(1955)

(1914)
Vf.N. Sreeniva*n Lu* and the Life Insurance Contract

#@

(t. I
^b.&

''

(I

985)

You might also like