Transcription of INSURANCE - LAW PRACTICE - ICSI
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INSURANCE - LAW PRACTICE - ICSI
Relevant for December 2019 SessionOnwardsSTUDY MATERIALPROFESSIONALPROGRAMMEINSURANCE-L AW&PRACTICEMODULE 3 ELECTIVE PAPER (ii) THE INSTITUTE OF COMPANY SECRETARIES OF INDIATIMING OF HEADQUARTERSM onday to FridayOffice Timings to Dealing TimingsWithoutfinancialtransactions to Typesetting by AARUSHI GRAPHICS, Prashant Vihar, New DelhiPrinted at M. P. Printers/June 2019(iii) PROFESSIONAL PROGRAMME INSURANCE LAW & PRACTICE The world we live in is full of uncertainties and risks. Individuals, families, businesses, properties and assets are exposed to different types and levels of risks. These include risk of losses of life, health, assets, property, etc. While it is not always possible to prevent unwanted events from occurring, financial world has developed products that protect individuals and businesses against such losses by compensating them with financial resources.
INSURANCE ─ LAW & PRACTICE Lesson 1 - Concept of Insurance Insurance is form of contract or an arrangement where one party agrees in return for a consideration to pay an agreed amount of money to another party to make good the loss, damage or injury to something of value in which the insured has an interest.
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