Contents on Education Travel Tourism Law Government

Insurance Law Insurance Policies Insurance Law is, as the name suggests, the body of law pertaining to insurance. This includes insurance claims, insurance policies, insurance regulations and rates, and recently enacted laws like the Affordable Care Act. Insurance law can be divided mainly into three categories: the content of insurance policies, the business of insurance, and the handling of claims. Content of Insurance Policies Laws related to the content of insurance policies are designed in order to prevent exploitative practices that would essentially let insurers offer worthless or diminished value policies. They also prevent insurers from misleading clauses and titles on policies allowing an naive buyer to believe that they are buying one type of insurance but instead receive another. These laws also regulate other provisions, like delineations of insured and uninsured events, disclosures to third parties and reasonable cancellation. Business of Insurance These laws on Busin