What is Insurance Law? – LexisNexis

Insurance has a deep-rooted history in India. Various forms of writing can be seen in Manusmriti, Dharmasastra, and Arthashastra. This blog unfolds the history of Insurance law and its development in India. It further discusses the regulatory body of Insurance in India, its roles and functions, and powers and responsibilities. We further delve into the different kinds of Insurance Acts that govern India. This blog also discusses the process of licensing and regulation of Insurance companies in India and gives us a glimpse of the different types of insurance, insurance contracts, and policies and key components of insurance contracts. It concludes with recommended Insurance law books and frequently asked questions.