Insurance Law – Unit II LLB Class Notes

Contract of Insurance: Classification of contract of Insurance

Nature of various Insurance Contracts

Parties there to

Principles of good faith – non disclosure

Misrepresentation in Insurance Contract

Insurable Interest- Premium: Definition

Method of payment, days of grace, forfeiture, return of premium

Mortality; The risk

Meaning and scope of risk

Causa Proxima

Assignment of the subject matter