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BLS LLB Law of Insurance Syllabus Sem 10 - Mumbai University | munotes

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Law of Insurance Syllabus.pdf
Elective course · Semester 10 · Fifth Year · 4 credits

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Syllabus for Law of Insurance

Elective course · Semester 10 · Fifth Year · 4 credits

Module I: Introduction

  • 1 1 Insurance : Definition, Nature, Scope, History, Its future, need and importance in India and across the globe
  • 1 2 Risk : Definition, Nature, Relation between Risk andInsurance, Concept of Risk Management
  • 1 3 Kinds of Insurance , Types of Insurance Polices, Law of Contract, Proposal, Consideration, Re-insurance and Double Insurance
  • 1 4 General Principles of Law of Insurance, Good Faith (Uberrima Fides), Subrogation, Indemnity, Insurable Interest, Misrepresentation, Causa Proxima, Loss minimization, Contribution
  • 1,5 Insurance Policy, Assignment and Nomination
  • 1 6 Insurance service under Consumer Protection Act, 2019

Module II: Insurance Regulatory Framework in India

  • 2.1 Insurance Regulatory and Development Authority (IRDA) Act, 1999, IRDAI, its functions, role, structure
  • 2.2 Nationalization, Privatization and Globalization of Insurance Secto
  • 2.3 Insurance pertaining to Life and Personal Accidents, Hospitalization
  • 2.4 Life Insurance – Nature, Principles and Scope Events insured against life, life insurance
  • contract, persons entitled to payments, settlement of claims
  • Mediclaim, Sickness Insurance, Personal Accidents
  • 2.5 Motor Vehicles Act, 1988, Salient features, (Chapter – VIII), Nature and Scope, persons
  • governed, Third party liability of owner, duty to inform the Third Party, rights and limitations of the third party, Claims Tribunal : constitution, functions, procedures, powers and award.

Module III: Non-Life General Insurance

  • 3.1 Marine Insurance: Nature and Scope - Classification of Marine policies - The salient features of the Marine Insurance Act, 1963, Insurable interest, Insurable value, Seaworthiness, Hull and Cargo Insurance
  • 3.2 Marine Insurance policy, Conditions and express Warranties, Voyage Deviation, Perils of sea, Loss - Kinds of Loss of ship and of freight
  • 3.4 Property Insurance: Policies covering risk of explosion, earthquake, and flood. Policies covering accidental loss, damage to property, construction risks
  • 3.5 Burglary, Theft, Civil Commotion and Strikes, other Endorsements
  • 3.6 Fire Insurance: Nature and scope of Fire Insurance – Basic Principles – Conditions & Warranties, Right & Duties of Parties, Claims and other
  • related Legal Aspects of General Insurance

Module IV: Social Insurance in India

  • 4.1 Social Insurance : Meaning, Scope, Characteristics, Need and Limitations
  • 4.2 Agriculture Insurance, Crop Insurance in India, Crop
  • Insurance Underwriting, Claims, Problems associated with Crop Insurance, Cattle Insurance in India
  • 4.3 Public Liability Insurance: Public Liability Insurance Act,
  • 1991 (An Overview) Claims, Role of Consumer courts and Insurance Ombudsman
  • 4.4 Insurance schemes for sick, infirm, old, labour, premature
  • death, Divyangjan, Pension earners, families affected by death of sole breadwinner, relief available to those who die
  • due to pandemic, calamities and natural disasters
  • 4.5 Unemployment Insurance, Insurance for special category of persons like, Circus
  • workers, seamen etc.
  • 4.6 Professional Negligence Insurance, impact
  • of Contributory Negligence,
  • 4.7 Compulsory Insurance Relevant Statutes  Insurance Act, 1938.  The Marine Insurance Act, 1963.  General Insurance (Business) (Nationalization) Act, 1972.  The Life Insurance Corporation Act, 1956.  Motor Vehicle Act, 1988
  • Public Liability Insurance Act, 1991

Suggested Reading

  • Brijnandan Singh – Law of Insurance 1.
  • 2 Singh,Avtar, Law of Insurance, (2004)
  • 3 Banerjee, Law of Insurance E.R. Hardy Ivamy – Principles of Insurance 4. Gow Colinvaux – Law of Insurance 5. John Hanson and Christopals Henly – All Risks Property Insurance (1999) 6.
  • 7 K.S.N. Murthy and Dr. K. V.S. Sarma – Modern Law of Insurance.
  • 8 Marine Insurance – Hardy Ivamy
  • 9 Mitra B.C. – Law of Marine Insurance
  • 1 Murthy K.S.N and K. V. S. Sharma , Modern Law of Insurance in India, (New Delhi:Lexis Nexis,2009)
  • 1 Srinivasan , M.N., Principles of Insurance Law, 7th Edition, (Nagpur: Wadhwa and Co., 2004)

Reproduced from the University of Mumbai Revised Syllabus for LL.B. (5 years) Five Years Integrated Course (CBCS), in force from the academic year 2022-23 and amended in June 2023. Wording is as printed in that syllabus. Module numbering is as printed there too.

The complete syllabus

This subject is cut from the revised syllabus. Open a document here if you want the whole thing rather than a single subject.

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