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Insurance Law Notes

Insurance Law

Definition, Nature and Concept of Insurance Contract

Definition of Insurance Contract An insurance contract is a legally binding agreement between an insurance company (insurer) and an individual or entity (policyholder) where the...
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Insurance Law

Principles of Insurance

The general principles of insurance provide a framework for the functioning and regulation of insurance contracts. These principles guide the relationship between the insurer...
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Insurance Law

Nature and Scope of Life Insurance

The nature and scope of life insurance revolve around providing financial protection and security to individuals and their families in the face of unforeseen...
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Insurance Law

Formation of Life Insurance Contract

The formation of a life insurance contract involves several steps and elements. Overview of the Process Application The first step in forming a life insurance contract...
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Insurance Law

Event Insured Against Life Insurance Contract

The "event insured against" in a life insurance contract refers to the specific occurrence for which the insurance company agrees to provide coverage and...
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Insurance Law

Circumstances affecting the Risk

Circumstances affecting the risk in a life insurance contract refer to the factors that influence the likelihood of the insured individual's death and the...
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Insurance Law

What is Marine Insurance

Marine insurance is a type of insurance that provides coverage for risks associated with maritime activities, including the transportation of goods and vessels. It...
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Insurance Law

Principles of Marine Insurance

Marine insurance operates based on several fundamental principles that guide the formation and interpretation of marine insurance contracts. These principles are crucial for both...
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Insurance Law

Types of Marine Insurance

There are several types of marine insurance that provide coverage for different aspects of maritime activities and transportation. Main Types of Marine Insurance Cargo Insurance Cargo...
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Insurance Law

Meaning and Types of Risk

Meaning of Risk Risk refers to the possibility of loss, harm, or negative consequences arising from uncertain events or circumstances. It represents the potential for...
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