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Project Topics On Insurance For Eighth Semester PDF
Project Topics On Insurance For Eighth Semester PDF
(8th Semester)
LAW OF INSURANCE
Course Module
Academic Session- January May, 2015
Course Teacher: Dr. Shaiwal Satyarthi
Objectives:
Insurance law is a subject of key import to individuals & the business sector. The aspiration
of insurance is to compensate the aggrieved party, as far as money can, against loss arising
from a variety of risks. Thus, when a person enters into an insurance contract he purchases
for an agreed Premium, financial coverage from loss sustained due to the peril insured
against. Insurance is omnipresent in the practice of law. In litigation, insurance often
determines who gets sued and what they get sued for. In transactional law, insurance
frequently constrains or induces deals. The importance of insurance for lawyers stems from
the fact that insurance is the primary means by which companies and individuals deal with
risks. Lawyers, of course, often make a living either by counselling clients about how to
plan for risks or by serving clients whose risks have developed into losses. Just as good
attorneys must understand insurance, good insurance arrangements must rely on attorneys.
Lawyers are of fundamental importance to insurance, which is itself defined by a complex
web of contract and tort law, statutory law and state regulatory law. This course will
introduce students to fundamental principles of insurance law and regulation. The
operational framework of insurance idea is provided by the general principles of contract.
The insurance policy, being a contract, is subject to all the judicial interpretative technique
of rules of interpretation as propounded by the judiciary, besides, the insurance idea has a
compensatory justice component.
This course is designed to acquaint the students; pursuing B.A.LL.B five year program, with
the conceptual and operational parameters, of insurance law.
MODULE- I
INTRODUCTION:
a) Definition, nature and history of insurance
b) Consideration- need for utmost good faith
c) Concept of Insurance and law of contract and law of torts
d) Insurable interest- Indemnity- Insurance policy
e) Future of insurance in globalized economy
f) History and development of insurance in India
g) Insurance Regulation Authority role and functions
h) Constitutional perspectives- List-I: Union List - Entries 24, 25, 29, 30 and 47, List
III: Concurrent List- Entries 23 and 24
MODULE- II
GENERAL PRINCIPLES OF LAW OF INSURANCE:
a) Essential elements of insurance contracts.
b) Classification of insurance.
c) Formation of insurance contracts.
d) Nature of insurance contracts
Contract of Aleatory
Contract of Uberrima fides
Contract of Indemnity
Contract of Wager
e) Insurable interest
f) Premium
g) Risk
h) Assignment of Insurance policies
i) Warranties & disclosures
j) Double insurance & re-insurance
k) Doctrine of Contribution, Subrogation & Reinstatement
MODULE- III
LIFE INSURANCE:
a) Nature & scope of life insurance
b) Kinds of life insurance contracts
c) Events insured against in life insurance with special reference to Felo-De-Se.
d) Factors affecting risk in life insurance
e) Amounts recoverable under life insurance
f) Persons entitled to payment under life insurance
g) Settlement of claims
h) Legislations governing Life InsuranceLife Insurance Corporation Act, 1956
The Fatal Accidents Act, 1855
The Personal Injuries (Compensation Insurance) Act, 1963
MODULE- IV
FIRE INSURANCE
a) Origin and Object of Fire Insurance
b) Basic principles of Fire Insurance contracts.
c) Nature, Meaning, significance of fire insurance.
d) Principles, Conditions, Procedure of taking fire insurance policy.
e) Fire Policy, Assignment of Policy, and Settlement of claims.
MODULE- V
MARINE INSURANCE:
a) Nature and scope
b) Classification of marine policies
c) The marine Insurance Act 1963
d) Insurable interest, insurable value
e) Marine insurance policy- condition- express warranties- construction of terms policy
f) Voyage deviation
g) Perils of the sea
h) Partial loss of ship and of freight, salvage, general average, particular charges
i) Measure of indemnity, total valuation, liability to third parities
MODULE- VI
INSURANCE AGAINST THIRD PARTY RISKS:
a) The Motor Vehicles Act, 1988 (Chapter XI)
Nature and scope, persons governed, definition of use,
Necessity for insurance against third party risk
Requirement of policies and limits of liability
Duty to give information as to insurance
limitations on third partys rights
b) Effect of insolvency or death on claims, insolvency and death of parties, certificate of
insurance
c) Condition to be satisfied
d) Claims tribunal, constitution, functions, application for compensation, who can
apply? Procedure and powers of claims tribunal its award.
e) Co-operative insurance (Motor Vehicle Rules)
Project Topic
502
503
505
506
507
508
Insurance Agents duties, responsibilities and liabilities towards Policy Holders and
Insurer.
510
511
512
514
516
517
522
523
525
526
527
528
529
530
532
533
534
536
537
538
539
541
Life Insurance and Suicide: A Study of the Legal Position and Judicial Pronouncements
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546
547
548
550
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556
559
560
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562
563
564
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566
568
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5447
5451
5463
5474
Insurable Interest
Project Topic
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Credit Insurance
575
576
577
578
580
581
Plate-Glass Insurance
583
584
585
586
588
590
591
593
595
596
597
598
Double Insurance
601
Duty of Disclosure
602
603
604
605
606
607
Fidelity Insurance
608
Effect of Will on life Insurance Policy Claim under various Personal Laws
609
610
611
612
613
614
615
616
617
Consequential Insurance
618
619
620
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623
624
625
627
628
629
630
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632
633
634
635
636
637
Aviation Insurance
638
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641
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