Page 282 - IC38 GENERAL INSURANCE
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CHAPTER 11
PRINCIPLES OF INSURANCE
Chapter Introduction
In this chapter, we shall learn about the basic principles that govern the
working of insurance. The chapter is divided into two sections. The first section
deals with the elements of insurance and the second section deals with the
special features of an insurance contract.
Learning Outcomes
A. Elements of insurance
B. Insurance contract – legal aspects
C. Insurance contract – special features
After studying this chapter, you should be able to:
1. Define the various elements of insurance
2. Define the features of an insurance contract
3. Identify the special features of an insurance contract
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