Specialised Programme on Insurance LawsRapid Skillz
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- Short course
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This Course Consist of the following contents -Unit 1: Understanding the Principles of Insurance Law -Learn about the meaning of the term insurance. Understand how insurance contracts are considered indemnity contracts. Look at the importance of insurance law in the current business context. Study the basic tenants of insurance law such as utmost good faith, subrogation, contribution, and insurable interest. Unit 2: Learning About Different Forms of Insurance Business -Study the legal and regulatory framework governing the different types of insurance in India. Learn about life, general, marine, and health insurance. Study the nuances of each branch of insurance. Unit 3: Understanding the Role of the Insurance Regulatory and Development Authority -Learn about the Insurance Regulatory and Development Authority, the insurance regulator in India. Study the constitution of the IRDA, its duties and responsibilities, and the many rules and regulations notified by it. Unit 4: Understanding the Manner of Carrying on Insurance Business in India -Learn the manner in which to set up and operate an insurance company. Examine the business that can be carried out by an insurer. Study the specific capital and deposit requirements required for an insurance company and examine in detail the three-step registration process for setting up any insurance company. Unit 5: Understanding the Role of Intermediaries - I -Study the legal and regulatory framework governing intermediaries in the insurance sector. Focus on the principal intermediary used by insurance companies for sale and solicitation of their products – corporate agents. Understand the role of corporate agents, the entities eligible to be corporate agents, and the manner of registration of such agents. Unit 6: Understanding the Role of Intermediaries - II -Learn about the regulatory framework governing third party administrators in the health insurance sector. Study the role of insurance brokers in the insurance market. Unit 7: Learning about Foreign investment in the Insurance Sector -Study the regulatory regime governing foreign investment in the insurance sector. Learn about the limit of foreign investment in the insurance sector and the manner of calculation such investment. Examine the persons and entities that are permitted to invest in the insurance sector. Unit 8: Learning about Re-insurance Regulations -Understand the meaning of a re-insurance contract. Learn about the differences between an insurance contract and a re-insurance contract. Study the need for re-insurance in the market and examine in detail the regulations governing re-insurance in India.
This Course is Made for Students and students Identify different forms of insurance. Calculate foreign investment in the insurance sector. Analyse the re-insurance market. Assess the role of insurance brokers, corporate agents, insurance agents, and third party administrators.