Insurance Contract: Essentials, Warranties, Documents
What is Insurance Contract? The contracts of insurance are governed by the same general principles of law as are applicable…
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21 June 2023
Life Insurance: Definitions, Advantages, Features
What is Life Insurance? Life insurance may be defined as a contract in which the insurer in consideration of a…
21 June 2023
Reinsurance: Meaning, Types
What is Reinsurance? Reinsurance is the insurance in whole or in part of the risk of liability that an insurer…
21 June 2023
17 Kinds of Insurance | You Should Know
What is the Meaning of Insurance? Insurance is a contract between two parties where one party called ‘the insurer’ undertakes…
21 June 2023
16 Main Importance of Insurance | Everything You Should Know
The process of insurance has evolved to protect the interest of the people from uncertainty. The principles of insurance are…
20 June 2023
Differences Between Insurance and Wagering Contracts
What is Insurance Contract? In insurance, the assured should have an interest in the subject matter of insurance whereas a…
20 June 2023
7 Main Functions of Insurance
Meaning of Insurance The term “insurance” can be defined in both financial and legal terms. The financial definition focuses on…
20 June 2023
Holder in Due Course and Privileges
What is Holder in Due Course? Section 9 of the Act defines ‘holder in due course’ as any person who…
20 June 2023
Endorsement: Meaning, Essentials, Types
What is Endorsement? The word ‘endorsement’ in its literal sense means, writing on the back of an instrument. But under…
20 June 2023
Negotiable Instruments Act 1881: Characteristics, Presumption, Types, Differences, Parties
What is Negotiable Instruments Act 1881? According to Section 13 (a) of the Act, “Negotiable instrument means a promissory note,…
20 June 2023