A.

Insurance

Definition of Insurance Contract

Test
Suretyship

What constitutes doing an Insurance Business?

Mutual Insurance Companies

Elements of insurance Contract

Requisites of a Valid Contract
Distribution of Losses
Risk
Assumption of Risk

Kind of Insurance
Principle of Indemnity

B. Parties to an Insurance Contract

Insured
Assured and Owner
Capacity
Effect of Death of Owner
Public Enemy
Insurer
Definition
Certificate of Authority
Grounds for Disapproval of Application
Prohibited Acts
Beneficiary
Generally Revocable
Forfeiture of Rights of Beneficiary
Disqualification of Beneficiary
Trustee or Agent
Assignee of Life Insurance
Assignee of Property Insurance
Insurance Agent and Insurance Broker
Insurance Agent
Insurance Broker
Effect of Receipt of Premium

C. What is insurable Interest?

Concept
Insurable Interest in Life Insurance
Classes of Insurable Interest in Life Insurance
Insurable Interest in Property Insurance
Test
Kinds of Insurable Interest
Distinctions between Insurable Interest in Property Insurance and Life Insurance
Insurable Interest of Bailee
Insurable Interest of Mortgagor and Mortgagee
Insurable Interest of Mortgagee
When Must Insurable Interest Exist
Property Insurance
Life Insurance
Insurable Interest of Beneficiary in Property Insurance
Insurable Interest of Beneficiary in Life Insurance
Assignee in Life Insurance
Assignee in Property Insurance

D. Premium

Premium Required for Policy to be Binding

Effect of Non-Payment
When Binding Even if Premium is Unpaid
How to Prevent Lapse of Life Insurance Policy
Automatic Policy Loan and Cash Surrender Value
Dividends
Reinstatement Clause
Return of Premium

E. The Policy

Policy
Designation of Beneficiary
Identification of the Insured
Policy Form
Riders
Contract of Adhesion
Interpretation
Cover Notes
Cancellation
Renewal of Policy
Reformation of the Policy