Page 4 - IC24 LEGAL ASPECTS OF LIFE ASSURANCE
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Dharma in Smrities is generally understood as law and includes all
kind of rules: Religion, Moral, Legal,Physical, Metaphysical.
Muslim law in India: Hanafi and Shia Law will yield a new
The Uniform Civil Code (UCC) aims at bringing one set of rules that
will be applicable to all citizens throughout the country.
Equity means fairness, then what is agreeable to good conscience.
The most important source of law in modem times is the Statute Book
i.e. the laws that are enacted by the Legislature.
Statute Law: Law made by parliament, Law made by state legislature,
Constitution itself, Enactment due to article 372, regulations framed
by competent authority through subordinate legislation
Judicial precedents are an important source of law and serve as
guidelines to deal with incidents in the absence of law.
