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Insurance Law Course Outline

This document outlines the course for Law on Insurance which will cover key concepts like the definition of insurance, elements of an insurance contract, different classes of insurance like marine, fire, casualty, and life, as well as insurable interest. It will also cover topics like perfection of an insurance contract through offer and acceptance, premium payment, and options for lapsed or reinstated policies. The course will examine reasons for rescission like concealment, misrepresentation, and breach of warranties. Finally, it will cover claims settlement, guidelines, unfair claims settlement, prescription of actions, and subrogation.

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Richard Odejar
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95 views2 pages

Insurance Law Course Outline

This document outlines the course for Law on Insurance which will cover key concepts like the definition of insurance, elements of an insurance contract, different classes of insurance like marine, fire, casualty, and life, as well as insurable interest. It will also cover topics like perfection of an insurance contract through offer and acceptance, premium payment, and options for lapsed or reinstated policies. The course will examine reasons for rescission like concealment, misrepresentation, and breach of warranties. Finally, it will cover claims settlement, guidelines, unfair claims settlement, prescription of actions, and subrogation.

Uploaded by

Richard Odejar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd

LAW ON INSURANCE

Enverga Law School


First Semester, SY 2016-2017
Saturday, 1 P.M. to 3 P.M.
Atty. Christian Arvin S. Barlan
COURSE OUTLINE
Insurance Code
A. Concept of Insurance
B. Elements of an Insurance Contract
C. Characteristics/Nature of Insurance Contracts
D. Classes
1. Marine
2. Fire
3. Casualty
4. Suretyship
5. Life
6. Compulsory Motor Vehicle Liability Insurance
E. Insurable Interest
1. In Life/Health
2. In Property
3. Double Insurance and Over Insurance
4. Multiple or Several Interests on Same Property
F. Perfection of the Contract of Insurance
1. Offer and Acceptance/Consensual
a. Delay in Acceptance
b. 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
G. Rescission of Insurance Contracts
1. Concealment
2. Misrepresentation/Omissions
3. Breach of Warranties
H. 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

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