SRD Law Notes

The test of a valid insurance contract is the existence of the insurable interest. Insurable interest is nothing but an interest of su…

Multiple Type Questions and Answer...(Insurance Law) 1. Choose the correct option... A. In an insurance contract, an insurer makes an offer …

Introduction - Insurance is a Contract, there are two parties in the contract of Insurance, Insurer and Insured. The insured gives premium as a…

Introduction -                Insurance is a contract in which one party (the insurer) agrees for payment of consideration (the premium) to make m…

What is Premium -   It is the sum Payable (usually annually)  by the insured to the insurer under a contract of insurance.  Meaning and Definit…

What is Insurance?            According to Justice Tindall, "Insurance is a contract in which a sum of money is paid to the assured in consi…

Powers of Insurance Regulatory and Development Authority of India (IRDA) -     According to Section 26 of the Insurance Regulatory and Developme…

Establishment of insurance regulatory and Development Authority of India -      For reforms in the Insurance sector in order to make it more comp…