Overview of Insurance Concepts and History

Legal framework governing insurance in India

Insurance Regulatory and Development Authority of India (IRDAI) regulations

Types of insurance contracts and essential elements

Principles of insurance (utmost good faith, insurable interest, indemnity, subrogation)

Overview of Motor Vehicle Act in relation to third-party insurance

Solutions and Explanations

Introduction to the Constitution of India

Fundamental rights, duties, and directive principles

Distribution of legislative powers between the Union and States

Constitutional provisions related to insurance, finance, and commerce

Role of judiciary in upholding constitutional provisions

Administrative Law: Delegated legislation, principles of natural justice, judicial review, and tribunals

Solutions and Explanations

Indian Contract Act, 1872

Essentials of a valid contract

Offer, acceptance, and consideration

Discharge of contracts, breach, and remedies

Special contracts (Indemnity, Guarantee, Bailment, Agency)

Contracts of adhesion in insurance agreements

Solutions and Explanations

Companies Act, 2013: Incorporation, management, and winding up of companies

Roles and responsibilities of Directors and Officers

Legal compliance for insurance companies

Corporate governance, mergers, and acquisitions

Arbitration and Conciliation Act, 1996 – Alternative Dispute Resolution (ADR) mechanisms in corporate and insurance disputes

Solutions and Explanations

Consumer Protection Act, 2019: Rights of consumers, redressal forums, legal remedies

Insurance-specific consumer disputes and remedies

Motor Vehicle Act, 1988: Insurance requirements under the Act, Motor Accidents Claims Tribunals (MACT), third-party claims

Recent amendments to Motor Vehicle Act and their impact on insurance companies

Solutions and Explanations

Industrial Disputes Act, 1947

Minimum Wages Act, 1948

Employees’ Provident Funds and Miscellaneous Provisions Act, 1952

Employees’ State Insurance Act, 1948

Legal aspects related to employment contracts, wrongful termination, and employee benefits in insurance companies

Solutions and Explanations

Claims management and settlements in insurance law

Legal procedures for insurance claims, including mediation and arbitration

Arbitration and Conciliation Act, 1996: Its application in insurance disputes

Third-party liability claims and settlement procedures

Motor Vehicle Accident claims and insurance disputes

Legal disputes and landmark judgments in insurance settlements

Solutions and Explanations

Basics of the Indian Penal Code (IPC): Offenses related to fraud, forgery, and criminal breach of trust

Role of IPC in handling criminal aspects of insurance fraud

Indian Evidence Act, 1872: Relevance of evidence in insurance disputes and claims

Admissibility of electronic records in legal proceedings

Basics of Civil Procedure Code (CPC): Jurisdiction, filing suits, legal notices, and limitation period for insurance-related civil disputes

Solutions and Explanations

Legal Services Authorities Act, 1987: Legal aid and services, Lok Adalats, public interest litigation in insurance disputes

Role of Legal Services Authorities in insurance claims resolution

Overview of other relevant laws impacting insurance (e.g., Money Laundering Act, FEMA)

Legal drafting of insurance contracts, claims notices, and settlement agreements

Landmark insurance-related case laws

Solutions and Explanations

Solution and Explanation

Solution and Explanation

Solution and Explanation

Solution and Explanation

Solution and Explanation

Solution and Explanation

Solution and Explanation

Solution and Explanation

Solution and Explanation

Solution and Explanation