Full Description
Elgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences, business, and law, expertly written by the world's leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues associated with discrete subject areas.
Providing a comprehensive overview of the body of law that regulates the insurance business, this Advanced Introduction evaluates the governing principles, policies, values, and purposes of insurance legislation and related judicial doctrines. It examines the ways in which the industry's origins help us understand its present shape, and how insurance connects to major public policy issues that will shape the world for future generations.
Key Features:
Introduces the fundamental rules and principles of insurance law
Explores how these rules and principles intersect with important issues of public policy
Discusses how insurance law shapes public choices in the modern world
Examines the interactions between insurers and the people who purchase their products
Proposes avenues for further research relating to fortuity, indemnity, misrepresentation and breach of warranty, settlement obligations, and risk classification
Providing an enlightening overview of insurance law in context, this Advanced Introduction will be crucial reading for students, scholars, and practitioners in business law, insurance law, and risk management.
Contents
Contents: Preface 1. Introduction 2. The purpose, meaning, and roles of insurance 3. Conceptualizing insurance 4. The nature of the insurance business 5. The nature of insurance law and regulation 6. Elements of an insurance contract 7. Fundamental assumptions of insurance (and
their limits) 8. Insurance as agreement: the influence of contract law 9. Scope of coverage: the boundaries of the insurer's
obligation 10. Liability insurance: indemnity, defense, and settlement obligations 11. Challenges in a changing world: why insurance
matters (reprise) Index
