Insurance

Differentiate between Insurance contract and Wagering contract – Insurance and wagering contracts are not one and the same. They both are different. Insurance contracts should…

Doctrine of Indemnity An indemnity is an obligation by a person (indemnitor) to provide compensation for a particular loss solicited by another person (indemnitee). In…

Insurable Interest is an economic stake in an event for which an insurance policy is purchased to mitigate risk of loss. An insurable interest is…

Utmost Good Faith The doctrine of disclosing all material facts is embodied in the important principle “utmost good faith” which applies to all forms of…

In contract law, a warranty has various meanings but generally means a guarantee or promise which provides assurance by one party to the other party…

Subrogation refers to the process an insurance company uses to seek reimbursement from the responsible party for a claim it has already paid. It is…

In the law, a proximate cause is an event sufficiently related to a legally recognizable injury to be held to be the cause of that…

Subrogation refers to the process an insurance company uses to seek reimbursement from the responsible party for a claim it has already paid. It is…

“Proximate cause is not very essential in case of a life insurance contract – Proximate cause is an act, whether intentional or negligent, that is…

Liability insurance is any type of insurance policy that protects an individual or business from the risk that they may be sued and held legally…