Insurance law is the name given to practices of law surrounding insurance, including insurance policies and claims. It can be broadly broken into three categories - regulation of the business of insurance; regulation of the content of insurance policies, especially with regard to consumer policies; and regulation of claim handling.
Read more about Insurance Law: History, Principles of Insurance, Regulation of Insurance Companies
Famous quotes containing the words insurance and/or law:
“For there can be no whiter whiteness than this one:
An insurance man’s shirt on its morning run.”
—Gwendolyn Brooks (b. 1917)
“The law is a great thing,—because men are poor and weak, and bad. And it is great, because where it exists in its strength, no tyrant can be above it. But between you and me there should be no mention of law as the guide of conduct. Speak to me of honour, and of duty, and of nobility; and tell me what they require of you.”
—Anthony Trollope (1815–1882)