Insurance law in india had its origins in the united kingdom with the establishment of a british firm the oriental life insurance company in 1818 in calcutta followed by the bombay life assurance company in 1823 the madras equitable life. Insurance laws in india insurance company claims acts and cases insurance law governs that practices of law which surrounds insurance including insurance policies and claims insurance regulation that governs the business of insurance is typically aimed at assuring the solvency of insurance companies thus four type of regulations. Insurance law and regulations in india insurance refers to a legal contract between the insurer insurance company and the insured individual person wherein the insured is compensated for the financial losses arising out of the unforeseeable events for which premiums were paid by the insured person. 2 historical background of insurance 3 insurance scenario in india 4 evolution of insurance law in india 5 principles of insurance law 6 list of legislations regulating the insurance sector in india 7 life insurance 8 general insurance 9 micro insurance 10 overview of insurance laws in india 11 concurrent audit of insurance companies 12
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