Insurance
buttons.Insurance
Read this discussion on the definitions and terms of insurance law. The text explores basic types of insurance – property, liability, and life – and the primary defenses individuals and companies use when making claims against insurance companies – representation, concealment, and warranties.
We conclude our discussions about property with a focus on insurance law, not only because insurance is a means of compensating an owner for property losses but also because the insurance contract itself represents a property right. In this chapter, we begin by examining the regulation of the insurance industry. We then look at legal issues relating to specific types of insurance. Finally, we examine defenses that insurance companies might raise to avoid making payments under insurance policies.
This text was adapted by Saylor Academy under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License without attribution as requested by the work's original creator or licensor.