Law of Insurance Book

Globalized, fast paced economies inherently generate greater risks for the factions involved. Faster and newer means of transport, transactions and payments affected through the electronic media, the use of digital signatures, newer markets and a wider customer base over newer territories, the volatility of new technology business, all contribute to greater risks in business and commerce. Human life too has become more costly and valuable today demanding more safeguards and compensation. Insurance therefore has become an inseparable part of personal, social and commercial life, acquiring the status of an industry. Risk management has become a special part of management education too. The changing scenario and newer issues and situations have created the need for reform in laws governing insurance. Some old Acts have been heavily amended and some new enacted. Dr. Avtar Singh in his work deals with all these laws, enabling the reader to comprehend effectively their principles and provisions. The present book begins with a statement of the general principles affecting all forms of insurance. It then moves on to specific forms of insurance and includes all forms of insurance such as life insurance, fire, theft, marine, motor accident, personal accident, medical and the like. Powers and duties of Regulatory Authorities and statutory framework of insurance has been stated in brief chapters. A separate chapter deals with the disputes arising out of insurance claims and the Consumer Protection Law. Case-law has been studied from all available sources, including Indian and foreign law reports and articles published in foreign law journals too have been consulted and referred to.Read More