ONLINE CERTIFICATE COURSE ON LAW OF INSURANCE
(LAW OF INSURANCE — SYLLABUS)UNIT I — Introduction to Insurance
- Meaning, nature and definition of insurance
- Evolution and history of insurance
- Functions, importance and scope of insurance
- Kinds of insurance:
- Life insurance
- General insurance
- Social insurance
- Insurance contract: nature and classification
UNIT II — Principles of Insurance
- Utmost Good Faith (Uberrimae Fidei)
- Insurable Interest
- Indemnity
- Subrogation
- Contribution
- Proximate Cause (Causa Proxima)
- Warranties and representations
- Assignment and nomination
UNIT III — Life Insurance
- Nature and scope of life insurance
- Formation of life insurance contract
- Kinds of life insurance policies
- Rights and duties of insurer and insured
- Assignment and nomination
- Settlement of claims
- Role of Life Insurance Corporation of India (LIC)
UNIT IV — General Insurance
- Meaning and scope of general insurance
- Fire insurance
- Marine insurance
- Marine insurance contract
- Types of marine policies
- Motor vehicle insurance
- Health insurance
- Rights and liabilities of insurer and insured
UNIT V — Insurance Regulation & Control
- Insurance Act, 1938
- Insurance Regulatory and Development Authority of India (IRDAI)
- Role and powers of IRDAI
- Licensing of insurers and agents
- Regulation of insurance business in India
UNIT VI — Claims, Disputes & Consumer Protection
- Claims and settlement procedures
- Fraud and misrepresentation in insurance
- Dispute resolution mechanisms
- Consumer Protection Act and insurance services
- Ombudsman scheme in insurance
- Judicial trends relating to insurance claims
UNIT VII — Social & Emerging Insurance
- Concept of social insurance
- Employees’ State Insurance (ESI)
- Agricultural and crop insurance
- Micro-insurance
- Cyber insurance and emerging risks