'Utmost good faith' presentation slideshows

661 views • 40 slides

Chapter 8: Insurance Contracts

Chapter 8: Insurance Contracts. Requirements of a valid contract Characteristics of contracts Legal principles underlying insurance contracts. Legal Framework of Insurance. Legality Capacity Offer and acceptance Consideration In most states contracts can be oral or written.

485 views • 30 slides

Chapter 8: Insurance Contracts

Chapter 8: Insurance Contracts. Legal Framework of Insurance. Requirements of a valid contract Characteristics of contracts Legal principles underlying insurance contracts. Requirements of a Valid Insurance Contract. Legality Capacity Offer and acceptance Consideration

449 views • 26 slides

CHAPTER 7

CHAPTER 7. Insurance Documents. . IMPORTANCE OF DOCUMENTATION IN LIFE INSURANCE CONTRACT. THE LIFE INSURANCE CONTRACT USUALLY LASTS FOR 30 OR 40 YEARS. TRANSACTIONS MAY BE FEW.

381 views • 24 slides

CHAPTER 7

CHAPTER 7. Insurance Documents. . IMPORTANCE OF DOCUMENTATION IN LIFE INSURANCE CONTRACT. THE LIFE INSURANCE CONTRACT USUALLY LASTS FOR 30 OR 40 YEARS. TRANSACTIONS MAY BE FEW.

356 views • 24 slides

General Requirements - Enforceable Contract

General Requirements - Enforceable Contract. 1. Offer and acceptance 2. Consideration 3. Legal object 4. Competent parties 5. Legal form. Offer and Acceptance. 1. Offer normally made by applicant 2. Acceptance occurs when insurer approves application

956 views • 23 slides

Chapter 9 Fundamental Legal Principles

Chapter 9 Fundamental Legal Principles. Agenda. Principle of Indemnity Principle of Insurable Interest Principle of Subrogation Principle of Utmost Good Faith Requirements of an Insurance Contract Distinct Legal Characteristics of Insurance Contracts Law and the Insurance Agent.

829 views • 18 slides

Business Risks & Insurance

Business Risks & Insurance. Kinds of Business Risks. Marketing Risk Equipment Risk Credit Risk Inventory Risk Government Risk Miscellaneous Risks. Methods of Handling Risks. Policy of Self Insurance

240 views • 9 slides