Nature of Insurance and types of insurance - definition of insurance -history - contract of insurance - classification of insurance contracts-Kinds of Insurance Policies - lnsurable Interest - Premium - Risk -Assignment.
LAW OF INSURANCE AND CARRIAGE
Unit - I
Nature of Insurance and types of insurance - definition of insurance -history - contract of insurance - classification of insurance contracts-Kinds of Insurance Policies - lnsurable Interest - Premium - Risk -Assignment.
UNIT - II
Role of insurance in Economic Development - Redressal of Consumer grievance - Role of the "OMBUDSMAN"- IRDA Regulations 2000 - Disclosures - The Insurance Act 1938 as amended by the lRDA Act 1999 - Constitution of IRDA and its powers and functions –IRDA Regulations- Role of IRDA on Insurance Companies-Redressal of Grievances by IRDAI
Unit - III
Special Doctrines relating to Insurance - Doctrine of Reinstatement -Doctrine of Subrogation - Doctrine of Contribution - Difference between contribution and subrogation - Proximity clause. Marine Insurance -Definition and nature of Insurance Contracts - Classification of Marine Insurance Policies - Marine claims - Voyage - Deviation - Perils of Sea - Warranties in Marine Insurance - Losses and abandonment - Relevant provisions of the Motor Vehicles Act.
Unit-IV
Carriage of goods by road - Multinodal Transportation of Goods Act 1993- Law of Carriage by Sea - The Carriers Act 1865, The
Railways Act, 1899, The Air Act 1972, the Carriage by Sea Act, 1925.
SUGGESTED READINGS:
1. K.S.N. Murthy and KV S Sarma: Modern Law of Insurance in India, N.M.Tripathi pvt. Ltd. Bombay.
2. Ravi Pulirani and Mahesh Pulirani :Manual of Insurance Law, Bharat Law House Pvt. Ltd., New Delhi.
3. Brijnandan Singh: ew Insurance Law, University Book Company. Allahabad.
4. J. Nagar: The Hand Book of Insurance Regulatory and Development Authority,University Book Company, Allahabad.
5. B.C.Mitra: The Law relating to Marine Insurance, University Book Company, Allahabad.
6. E.R.Hardy Ivamy: General Principles of Insurance Law, Butterworths, London.
7. Michael Parkington: Insurance Law, Sweet and Maxwell, London.
8. Dr. Avtar Singh: Law of Carriage, Air, Land and Sea, EBC, Lucknow.
9. Journal of IRDA monthly since 2002.
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