March 2016
Intermediate to advanced
700 pages
144h 54m
English
Content preview from Principles of Risk Management and Insurance, 13th Edition
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CHAPTER 9 Fundamental Legal Principles
“It is unfair to believe everything we hear about lawyers—some of it may not be true.”
Gerald F. Lieberman
Learning Objectives
After studying this chapter, you should be able to
Explain the fundamental legal principles that are reflected in insurance contracts, including:
– Principle of indemnity
– Principle of insurable interest
– Principle of subrogation
– Principle of utmost good faith
Explain how the legal concepts of representations, concealment, and warranty support the principle of utmost good faith.
Describe the basic requirements for the formation of a valid insurance contract.
Show how the nature of insurance contracts differs from that of other contracts.
Explain the law of agency and how it ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.