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    ULS College of Law: Syllabus in Insurance Law

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    WV Gamiz Jr.
    This syllabus outlines the topics to be covered in an Insurance Law course. The course will cover the concepts, elements, and characteristics of insurance contracts. It will examine the different classes of insurance like marine, fire, casualty, and life insurance. Other topics include insurable interest, perfection of insurance contracts, rescission, claims settlement, the business of insurance, and the role of the Insurance Commissioner. The syllabus also covers pre-need plans, registration requirements, licensing, default and termination, and claims settlement for pre-need plans. Required readings include the Insurance Code of the Philippines and Pre-Need Code, as well as an annotated reference book on insurance law.

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    ULS College of Law: Syllabus in Insurance Law

    Uploaded by

    WV Gamiz Jr.
    38 views2 pages
    This syllabus outlines the topics to be covered in an Insurance Law course. The course will cover the concepts, elements, and characteristics of insurance contracts. It will examine the different classes of insurance like marine, fire, casualty, and life insurance. Other topics include insurable interest, perfection of insurance contracts, rescission, claims settlement, the business of insurance, and the role of the Insurance Commissioner. The syllabus also covers pre-need plans, registration requirements, licensing, default and termination, and claims settlement for pre-need plans. Required readings include the Insurance Code of the Philippines and Pre-Need Code, as well as an annotated reference book on insurance law.

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    2020-Insurance-Law-Syllabus

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    This syllabus outlines the topics to be covered in an Insurance Law course. The course will cover the concepts, elements, and characteristics of insurance contracts. It will examine the different classes of insurance like marine, fire, casualty, and life insurance. Other topics include insurable interest, perfection of insurance contracts, rescission, claims settlement, the business of insurance, and the role of the Insurance Commissioner. The syllabus also covers pre-need plans, registration requirements, licensing, default and termination, and claims settlement for pre-need plans. Required readings include the Insurance Code of the Philippines and Pre-Need Code, as well as an annotated reference book on insurance law.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    38 views2 pages

    ULS College of Law: Syllabus in Insurance Law

    Uploaded by

    WV Gamiz Jr.
    This syllabus outlines the topics to be covered in an Insurance Law course. The course will cover the concepts, elements, and characteristics of insurance contracts. It will examine the different classes of insurance like marine, fire, casualty, and life insurance. Other topics include insurable interest, perfection of insurance contracts, rescission, claims settlement, the business of insurance, and the role of the Insurance Commissioner. The syllabus also covers pre-need plans, registration requirements, licensing, default and termination, and claims settlement for pre-need plans. Required readings include the Insurance Code of the Philippines and Pre-Need Code, as well as an annotated reference book on insurance law.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    ULS College of Law

    SYLLABUS IN INSURANCE LAW


    2020

    I - INSURANCE
    A. Concept of insurance
    B. Elements of an insurance contract
    C. Characteristics and nature of insurance contracts
    D. Classes
    1. Marine
    2. Fire
    3. Casualty
    4. Suretyship
    5. Life
    6. Microinsurance
    7. Compulsory motor vehicle liability insurance
    8. Compulsory insurance coverage for agency-hired workers1
    E. Variable contracts
    F. Insurable interest
    1. In life/health
    2. In property
    3. Double insurance and over insurance
    4. Multiple or several interests on same property
    G. Perfection of the contract of insurance
    1. Offer and acceptance/consensuality
    • Delay in acceptance
    • Delivery of policy
    2. Premium payment
    3. Non-default options in life insurance
    4. Reinstatement of a lapsed policy of life insurance
    5. Refund of premiums
    H. Rescission of insurance contracts
    1. Concealment
    2. Misrepresentation/omissions
    3. Breach of warranties
    I. Claims settlement and subrogation
    1. Notice and proof of loss
    2. Guidelines on claims settlement
    a. Unfair claims settlement; sanctions
    b. Prescription of action
    c. Subrogation
    J. Business of insurance; requirements
    K. Insurance Commissioner and its powers

    II - PRE-NEED

    A. Definition

    1
    https://www.insurance.gov.ph/InsuranceGuidelinesRA8042
    1. Pre-need plans
    2. Pre-need company
    B. Registration of pre-need plans
    C Licensing of sales counselor and general
    agent D Default and termination
    E Claims settlement

    III – REQUIRED READINGS / REFERENCE MATERIALS

    1. PD 602, as amended by RA 10607 2 – The Insurance Code of the


    Philippines.
    2. RA 98293 – Pre-Need Code of the Philippines.

    3. Reference Book: Insurance Code of the Philippines Annotated,


    2019 Edition, Hector S. De Leon & Hector M. De Leon, Jr., Rex
    Book Store.

    4. Cases - TBA

    2
    https://www.insurance.gov.ph/issuances/laws/amended-insurance-code/
    3
    https://www.insurance.gov.ph/issuances/laws/pre-need-code/

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