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............................................................................................................................DescriptionModern Law of Insurance is considered an authority on the subject of insurance and has been the key text for students of law and professionals formany years now. The present edition of Modern Law of Insurance is being brought out in a timely fashion taking into account the fact that the insurance sector has undergone a major change in the last couple of years. Earlier, both Life Insurance Corporation (LIC) and General Insurance Corporation (GIC) enjoyed the monopoly in the Insurance sector, but all the regulatory powers of the Controller of Insurance and the Central Government have been transferred to Insurance Regulatory Development Authority (IRDA) throughthe IRDA Act 1999 with a view to protect the interests of policy holders and to improve the health of the insurance business. With this, the insurance sector has been thrown open to private entities and now both LIC and GIC have to compete with private players.The author has revised the present edition in the light of the above situation and has added six new chapters: The insurance regulatory development authority; registration of insurance companies; -other regulations; insurance intermediaries; insurance ombudsman; polity holder as consumer."The bare bones of the law of insurance have been fleshed out with lucid and comprehensive commentary on various aspects of the nature and essence of an insurance contract, and claims and recoveries in respect of them." - Nani A Palkhivala............................................................................................................................ContentsPart I - General Principles of the Law of InsuranceChapter 1. IntroductionChapter 2. Insurance Regulatory and Development AuthorityChapter 3. Registration of Insurance CompaniesChapter 4. Other RegulationsChapter 5. Contract of InsuranceChapter 6. Insurable InterestChapter 7. PremiumChapter 8. The RiskChapter 9. Assignment of the Insurance PolicyChapter 10. Warranties and DisclosuresChapter 11. Insurance IntermediariesPart II - Life InsuranceChapter 12. Nature and Scope of Life InsuranceChapter 13. Event Insured Against in Life InsuranceChapter 14. Circumstances Affecting the RiskChapter 15. Amounts Recoverable Under Life PolicyChapter 16. Persons Entitled to PaymentChapter 17. Settlement of Claim and Payment of MoneyPart III - Fire InsuranceChapter 18. The Definition, Nature and Scope of Fire InsuranceChapter 19. The Meaning of the Terms 'Fire' and 'Loss by Fire'Chapter 20. The Amount Recoverable by the AssuredChapter 21. Special DoctrinesPart IV - Marine InsuranceChapter 22. Nature and Scope of Marine Insurance ContractChapter 23. Classification of Marine PoliciesChapter 24. Voyage—DeviationChapter 25. The Perils of the SeaChapter 26. Warranties in Marine InsuranceChapter 27. LossChapter 28. Nature and Scope of Miscellaneous InsuranceChapter 29. Motor Vehicle InsuranceChapter 30. Motor Vechlcle Insurance Absolute or No Fault LiabilityChapter 31. Third Party or Compulsory Insurance of Motor VehiclesChapter 32. Claims TribunalChapter 33. Insurance OmbudsmanChapter 34. Policy Holder as ConsumerAppendicesAppendix I - The Insurance Regulatory and Development Authority Act, 1999Appendix-II - Insurance Regulatory and Development Authority (Registration of Indian Insurance Companies) Regulations, 2000Appendix-III - Insurance Regulatory and Development Authority (Insurance Advertisements and Disclosure) Regulations, 2000Appendix IV - Insurance Regulatory and Development Authority (Licensing of Insurance Agents) Regulations, 2000Appendix V - Insurance Surveyors and Loss Assessors (Licensing, ProfessionalRequirements and Code of Conduct) Regulations, 2000Appendix VI - Insurance Regulatory and Development Authority (Appointed Actuary) Regulations, 2000Appendix VII - Insurance Regulatory and Development Autliority (Actuarial Report and Abstract) Regulations, 2000Appendix VIII - Insurance Regulatory and Development Authority (Obligations ofInsurers to Rural Social Sectors) Regulations, 2000Appendix IX - Insurance Regulatory and Development Authority (Assets, Liabilities and Solvency Margin of Insurers) Regulations, 2000Appendix X - Insurance Regulatory and Development Authority (Preparation of Financial Statements and Auditor's Report of Insurance Companies) Regulations, 2000Appendix XI - Insurance Regulatory and Development Authority (Investment)Regulations, 2000Appendix XII - Insurance Regulatory and Development Authority (Life Insurance - Reinsurance) Regulations, 2000Appendix XIII - Insurance Regulatory and Development Authority (General Insurance - Reinsurance) Regulations, 2000Index............................................................................................................................Author DetailsProf. K.S.N. MurthyDr. K.V.S. Sarma, B.Com, ML, Ph.D, Associate Professor Nalsar University Hyderabad.............................................................................................................................
