Course Outline-Law of Insurance, 2020
Course Outline-Law of Insurance, 2020
Course Outline-Law of Insurance, 2020
Course Outline
of
Law of Insurance
For
BA/BCom/BSc/BBA/BSW, LLB
Garima Goswami
Assistant Professor of Law
[email protected], Mob:8128650801
Dr. A. Marisport
Assistant Professor of Law
[email protected], Mob: 8128684328
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Semester: VIII Course: Law of Insurance Faculty: Dr. Jagadeesh Chandra T. G.
Ms. Garima Goswami
Dr. A. Marisport
No. of Sessions
Module No. Modules (Classes)
Total = _____59___
Law of Insurance
*
VIII’ stands for semester, ‘1’ stands for the order in which the course/paper appears in a semester, and ‘1’ stands for
the module number.
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Semester: VIII Course: Law of Insurance Faculty: Dr. Jagadeesh Chandra T. G.
Ms. Garima Goswami
Dr. A. Marisport
History, Development of Insurance Industry & Law
Introduction to Marine Insurance, Motor Insurance, Fire Insurance, Life Insurance,
Health Insurance and other Miscellaneous Insurance
Introduction to the Regulatory Framework-Insurance Industry in India, The Insurance
Act, 1938, the Insurance Regulatory Development Authority of India Act, 1999,
IRDAI’s Role and Functions, Insurance Industry and Market, Insurance Management
Cases
Castellian v. Preston, (1883) 2 QB 380
Gould v. Curtis, [1913] 3 KB 84
Macaura v. Northern Assurance Co. Ltd and others, (1925) AC 619
New India Assurance co. Ltd v. M/s. TT finance Ltd, AIR 2011 Del 121
New India In. Co.Ltd v. B.N. Sainani, AIR 1997 SC 2938
M/S Oriental In. Co. Ltd v. Sham Lal Matoo, AIR 2006 J&K 103
Gnana Sundaram v. Vulcan Insurance Co. Ltd, [1931] 1 Comp. Cas. 365
United India Insurance Company Ltd. & Ors. v. Sri Balaji Dental Laboratory, 103 (2001)
Comp.Cas 58
Wilson v. Jones, [1968] S.C.R. 554
National Insurance Co v. L.I.C Dhamin, 1995 CPJ 14
Chandmal Jain v. General Insurance Society, AIR 1959 Cal. 558
United India Insurance Co. Ltd v. Parmeshwari Sawney, AIR 2010 J&K 138
L.I.C v. G.M Channnabasamma, AIR 1991 SC 392
Carter v. Boehm, (1766) 3 Burr 1905
Life Insurance Corp. Of India v. Asha Goel, AIR 2001 SC 601
Bank of Nova Scotia v. Hellenic Mutual War Risks Association, (1990) 1 Q.B 818
Srinivas Pillai v. L.I.C, AIR 1977 Mad 381
North British and Mercantile v. Liverpool and London Glob, (1877) 5 Ch. D 569
New India Asssurance Co. Ltd. v. M/s Zuari Industries Ltd., (2009) 9 SCC 70 197
Simmonds v. Cockell, (1920) All ER Rep. 162 203
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Semester: VIII Course: Law of Insurance Faculty: Dr. Jagadeesh Chandra T. G.
Ms. Garima Goswami
Dr. A. Marisport
Harris v. Poland, (1941) All ER 204, 1 K.B.D. 204
Nature and Formation of Life Insurance Contract, the Life Insurance Corporation of
India Act, 1956, the Insurance Act, 1938 (relevant Provisions), The IRDAI Act, 1999
(relevant Provisions)
Insurable Interest-Meaning, Importance and its Applicability in India
Invitation to Offer, Proposal and Acceptance
Non-Disclosure and Misrepresentation (Section-45)
Assignment & Nomination of Life Insurance Policy (Sections 38 & 39)
Clauses under the Contract-Suicide Clause, Double Benefit Scheme, Joint Endowment
Policies, Group Insurance Polies, Surrender Value etc.
Claims and Disputes-Ombudsmen, Consumer Forum
Health Insurance Contract-Concept, Nature, Formation of Health Insurance Contract,
Policy, Clauses and Claim Procedures
Cases
Canning v. Farquhar, (1886) 16 QBD 727
L.I.C v. Komalavalli, (1984) 2 SCC 719
L.I.C v. Brazinha, AIR 1995 Bom. 223
Elsa Tony Philip v. L.I.C., AIR 2009 NCC 785
L.I.C v. Dharm Vir Anand, (1998) 7 SCC 348
New India Assurance Co. Ltd v. Tambi Reddy and Sibhas Raghava Reddy, 1961 AP 295
Mithoolal Nayak v. Life Insurance Corporation of India, AIR 1962 SC 814
Life Insurance Corporation of India v. Smt. G.M. Channabasamma, (1991) 1 SCC 357
L.I.C. of India and another v. Parveeen Dhingra, II (2003) CPJ 70 (NC)
Sarbati Devi v. Usha Devi, AIR 1984 SC 346
Kasim Ali Bulbul v. New India Assurance Co, AIR 1968 J & K 39 148
Smt. Krishna Wanti Puri v. Life Insurance Corporation of India, AIR 1975 Del. 19
Smt. Dipashri v. Life Insurance Corporation of India, AIR 1985 Bom. 192
Life Insurance Corporation of India v. Ajit Ganghadhar Shanbhag, AIR 1997 Kant. 157
Life Insurance Corporation of India v. Asha Goel, AIR 2001 SC 549 182
Insurance Policy Plus Services (P) Ltd. v. Life Insurance Corporation of India, (SC, Civil Appeal
No. 8542 of 2009, 29.12.2015)
M/s. Krishna Food & Baking Industry (P) Ltd. v. M/s New India Assurance Co. Ltd, 2008 (13)
SCALE 74
Life Insurance Corporation of India v. Manish Gupta, [Civil Appeal No.3944 of 2019, SLP (C)
No. 5001/2019]
Alka Shukla v. Life Insurance Corporation of India, [Civil Appeal No. 3413 of 2019 Arising
out of SLP (C) No. 32335 of 2016]
Cases
Smt. Kaushnuma Begum& Ors. v. The New India Assurance Co. Ltd. and Ors., AIR 2001 SC
485
New India Assurance Co. Ltd. v. Asha Rani and Ors, 2003 (3) SCC 223
Ningamma & Ors. v. United India Insurance Co.Ltd., AIR 2009 SC 3056
The Oriental Insurance Co Ltd v. Hans Rai Bhai v. Kodal and Ors., 2001(5) SCC 175
Deepa Girahbhai Soni & Ors v. United India Insurance Co. Ltd., 2004(5) SCC 385
New India Insurance Co. Ltd v. Challa Upendra Rao and Ors., 2004(8) SCALE 90
National Insurance Co.Ltd v. Swaran Singch and Ors., AIR 2004 SC 1531
National Insurance Co.Ltd v. Challa Bharathamma &Ors., 2004(8) SCC 517
New India Assurance Co. Ltd. v. Rula & Ors., AIR 2000 SC 1082
R.M Malik & Ors. v. Kiran Pal & Ors., AIR 2009 SC 2506
Bijoy Kumar Dugar v. Bidyadhar Dhatta., AIR 2006 SC 1255
UP State Road Transport Corporation & Ors. v. Trilok Chandra & Ors., 1996 (4) SCALE 522
Smt. Sarla Verma v. Delhi Transport Corporation & Ors., 2009(6) SCC 121
New India Assurance Co.Ltd. v. Charlie &Ors., AIR 2005 SC 2157
New India Insurance Co. Ltd. v. Prembhai Patel & Ors, AIR 2005 SC 2337
National Insurance Co.Ltd. v. Kanti Devi, AIR 2005 SC 2850
National Insurance Co. Ltd v. Anjana Shyam, 2007 ACJ 2729
Divisional controller, KSRTC v. Mahadeva Shetty., (2003) 1 SCC 197
Narinder Singh v. New India Assurance Co. Ltd., (2014) 9 SCC 324
Hanumanagouda v. United India Insurance Co. Ltd., (2014) 9 SCC 341
Reshma Kumari & Ors. v. Madan Mohan & Anr., [2009] 9 SCC 65
National Insurance Co. Ltd v. Pranay Sethi, [2017] SCC OnLine SC 1270
Mukund Dewangan v. Oriental Ins. Co. Ltd, [2017] 14 SCC 663
Magma General Insurance Co. Ltd v. Nanu Ram Alias Chuhru Ram, 2018 SCC Online SC
1546
S. Rajashekaran v. Union of India, [Writ Petition (Civil) No. 295 of 2012]
Jabbar v. The Maharashtra State Road Transport Corporation, [Civil Appeal No. 8556 of 2019
Special Leave to Appeal (C) No. 21157/2018]
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Semester: VIII Course: Law of Insurance Faculty: Dr. Jagadeesh Chandra T. G.
Ms. Garima Goswami
Dr. A. Marisport
Singh Ram v. Nirmala and Ors., [Civil Appeal No. 2103 of 2018 arising out of SLP (C)
No. 22630 of 2015]
Ramla v. National Insurance Company Limited, (2019) 2 SCC 192
Sunita Tokas v. New India Insurance Co. Ltd.,[Civil Appeal No. 6339 of 2019
Origin, Development and Nature of Marine Insurance, The Marine Insurance Act, 1906,
The Marine Insurance Act, 1963
Marine Insurance Contracts-Essential Tenets
Insurable Interest
Non-Disclosure and Representation
The Marine Policy and Various Types of Policies
Warranties-Types and Implications on Breach
The Voyage
Loss and Abandonment
Partial Losses, Actual Loss and Constructive Total Loss
Measure of Indemnity and Claims
Institute Cargo Clauses
Inco Terms and its Application in Marine Insurance Contracts
Cases
Brotherston v. Barber, (1816) 5 M & S 418
Irving v. Manning, (1847) 1 HLC 287
Thames & Mersey Marine Insurance v. Hamilton (The Inchmaree), (1887)12 AC 484
Woolcot v. Excess Insurance, (1978) 1LLR 633
Lucena v. Crauford, (1806) 2 B & PNR 269
The Moonacre, [1992] 2 Lloyd's Rep. 501
Carter v. Boehm, (1766) 3 Burr. 1905
Manifest Shipping Co. Ltd. v. Uni-Polaris Insurance Co. Ltd. and La Reunion Européene, [2001]
1 Lloyd’s Rep. 389 (HL)
Pan Atlantic Insurance Co. v. Pine Top Insurance Co. Ltd, [1995] 1 AC 501 (HL)
The Eurysthenes, [1977] 1 QB 49 (CA)
Parmeter v. Cousins, (1809) 2 Camp 235
Pawson v. Watson, (1778) 2 Cowp. 785
Yorkshire Insurance v. Campbell, (1917) AC 218
The Star Sea, [2001] 1 Lloyd’s Rep. 389 (HL)
Lloyd v. Fleming, (1872) L.R. 7 Q.B. 299
The Gunford Case, [1911] AC 529 (HL)
The Leyland Case, (1918) AC 350 (HL)
National Insurance Co. Ltd v. Sky Gems, JT 2002 (1) SC 70
Kalyani Jethalal Shah v. NIC, 28 February, 2001
Western Assurance Co. Of Toronto v. Poole, [1903] 1 KB 376
Continental Grain co. Inc. v. Twitchell, (1945) 78 Ll LR 251
Metal Powder Co. Ltd. v. Oriental Insurance Co. Ltd, (2014) 5 SCC 771
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Semester: VIII Course: Law of Insurance Faculty: Dr. Jagadeesh Chandra T. G.
Ms. Garima Goswami
Dr. A. Marisport
Cases
Shivalik fertilizers Ltd v. United India Insurance Co. Ltd, SCDRC, Chandigarh, O.C. No. 4 of
1992
Sri Balaji traders v. UII Co. Ltd, 2005 (1) CTC 267
Ammireddy Oils Ltd v. OIC Ltd, 3 (2006) CPJ 50 NC
Murli Agro Products Ltd. v. Oriental Insurance Co. Ltd.
Roshan Lal Oil Mill v. United India,
Saraya Sugar Mill Ltd v. United India Insurance Co. Ltd.
Hanil Era Textiles Ltd. v. Oriental Insurance Co. Ltd. & Ors., (2001) 1 SCC 269
M/s. United India Insurance Co. Ltd v. M.K.J. Corporation, (1996) 6 SCC 428)
B.V. Nagaraju v. M/s. Oriental Insurance Co. Ltd, (1996) 4 SCC 648
Consumer Education and Research Society v. IFFCO-TOKIO General Insurance Co. Ltd., LAWS
(NCD) 2013-3-41
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Semester: VIII Course: Law of Insurance Faculty: Dr. Jagadeesh Chandra T. G.
Ms. Garima Goswami
Dr. A. Marisport
Insurance Company-Incorporation, General Registration Requirements, Capital
Structure, Suspension, Renewal, Cancellation and Revival
Regulatory Framework and Compliance-Deposits, Investments, Submission of Returns,
Actuaries, Foreign Exchange, Insurance Advertisements, Obligation to Rural and Social
Sector
Introduction to stakeholders in insurance industry: Insurance Intermediaries-Agents,
Insurance Surveyors, Brokers, Loss Assessors and Third Party Administrators
IFSC and Insurance Sector
Role of Regulatory Authorities-IRDAI, Tariff Advisory Committee, Insurance
Association of India, Councils, Committees and Insurance Ombudsmen
The Practice of Insurance Law a) In a law firm b) As in-house counsel c) As a regulator
Prescribed Readings
1. John Birds. (2011). Bird’s Modern Insurance Law, London: Sweet & Maxwell
Publications.
2. K.S.N Murthy & K.V.S. Sharma. (2019). Modern Law of Insurance in India, Nagpur:
Lexis Nexis Butterworths Publications.
3. M. N. Srinivasan’s, (2017). Principles of Insurance law, Nagpur: Wadhwa & Co.
4. Malcolm A. Clarke. (1989). The Law of Insurance Contracts London: Lloyd’s of London
Press Ltd.
5. E.R. Hardy Ivamy, (1993). General Principles of Insurance Laws, Nagpur: Butterworth’s
Publications Pvt. Ltd.
Recommended Readings
Lecture Method
Case Analysis Method
Discussion Method
Power Point Presentations
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Semester: VIII Course: Law of Insurance Faculty: Dr. Jagadeesh Chandra T. G.
Ms. Garima Goswami
Dr. A. Marisport
Continuous Evaluation…………………………………………….…….....20
Mid-Semester Examination………………………………………………...30
End-Semester Examination…………………………………….....................60
Total 100
2. The teaching methodology of the subject will not necessarily be bound by the
parameters shown here.
3. Both faculty-member and students may mould it according to needs as and when they
arise for better and progressive understanding of the subject in a flexible way.
4. Active and positive class participation is mandatory. Maintaining the dignity and
decorum of the class is equally mandatory. Once the class is begun the students are not
allowed to enter the class room.
5. The students are required to come to the class with necessary home work, which will
be beneficial for positive participation in lectures.
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