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    A) Marine B) Fire C) Casualty. D) Suretyship. E) Life. F) Compulsory Motor Vehicle Liability Insurance

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    Patricia Anne Gonzales
    This document outlines key concepts in insurance including the history and concept of insurance, classes of insurance like marine, fire, and casualty, insurable interest in life and property, perfection of insurance contracts through offer/acceptance and premium payment, rescission for concealment or misrepresentation, and claims settlement procedures involving notice, proof of loss, and subrogation. It discusses elements of insurance contracts, the nature of insurance, distinguishing between double and over insurance, and non-default options and reinstatement for life insurance policies.

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    A) Marine B) Fire C) Casualty. D) Suretyship. E) Life. F) Compulsory Motor Vehicle Liability Insurance

    Uploaded by

    Patricia Anne Gonzales
    73 views2 pages
    This document outlines key concepts in insurance including the history and concept of insurance, classes of insurance like marine, fire, and casualty, insurable interest in life and property, perfection of insurance contracts through offer/acceptance and premium payment, rescission for concealment or misrepresentation, and claims settlement procedures involving notice, proof of loss, and subrogation. It discusses elements of insurance contracts, the nature of insurance, distinguishing between double and over insurance, and non-default options and reinstatement for life insurance policies.

    Original Description:

    insurance

    Original Title

    Insurance Syllabus

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    This document outlines key concepts in insurance including the history and concept of insurance, classes of insurance like marine, fire, and casualty, insurable interest in life and property, perfection of insurance contracts through offer/acceptance and premium payment, rescission for concealment or misrepresentation, and claims settlement procedures involving notice, proof of loss, and subrogation. It discusses elements of insurance contracts, the nature of insurance, distinguishing between double and over insurance, and non-default options and reinstatement for life insurance policies.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    73 views2 pages

    A) Marine B) Fire C) Casualty. D) Suretyship. E) Life. F) Compulsory Motor Vehicle Liability Insurance

    Uploaded by

    Patricia Anne Gonzales
    This document outlines key concepts in insurance including the history and concept of insurance, classes of insurance like marine, fire, and casualty, insurable interest in life and property, perfection of insurance contracts through offer/acceptance and premium payment, rescission for concealment or misrepresentation, and claims settlement procedures involving notice, proof of loss, and subrogation. It discusses elements of insurance contracts, the nature of insurance, distinguishing between double and over insurance, and non-default options and reinstatement for life insurance policies.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    1. History of Insurance.

    2. Concept of Insurance.

    3. Elements of an insurance contract.

    4 Characteristic/Nature of Insurance Contract.

    5. Classes of Insurance.

    a) Marine

    b)Fire

    c)Casualty.

    d)Suretyship.

    e)Life.

    f) Compulsory Motor Vehicle Liability Insurance.

    6. Insurable Interest in:

    a) Life.

    b) Property.

    6. Distinguish between Double and Over Insurance; or Multiful or several interest on


    the same property.

    7. Perfection of the Contract of Insurance.

    (A) Offer and Acceptance/consensual.

    (aa) Delay in Acceptance.

    (bb) Delivery of the policy.

    (B) Premium Payment.

    (C) Non-default options in Life insurance.

    (D) Reinstatement of a lapsed policy of life insurance.

    (E) Refund of premium.


    8. Rescission of Insurance Contracts.

    (A) Concealment.

    (B) Misrepresentation/Omissions.

    (C) Breach of Warranties.

    9.Claims settlement and Subrogation.

    (A) Notice and Proof of Loss.

    (B) Guidelines on Claim Settlement.

    (aa) Unfair claims settlement/Sanctions.

    (bb) Prescription of Actions.

    (cc) Subrogation.

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