insurable interest
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ANCIENT LAND ◽  
2021 ◽  
Vol 04 (02) ◽  
pp. 46-48
Author(s):  
Tahmina Shahin Alizada ◽  

The article describes the fundamental principles of marine insurance. It mainly examines the principle of "utmost good faith" which is the cornerstone of insurance law. The main aim of an article is to help the reader to gain basic knowledge and understanding of the legal principles of marine insurance. The fundamental principles governing marine insurance are very helpful in the assessment of loss and the claim in the maritime insurance industry. As in all contracts of insurance on the property, also marine insurance contract is based on the fundamental principles. Key words: marine insurance, Marine Insurance Act 1906, principles of marine insurance, utmost good faith, insurable interest


Penamas ◽  
2020 ◽  
Vol 33 (2) ◽  
pp. 225
Author(s):  
Diana Mutia Habibaty ◽  
Ah Azharuddin Lathif

Waqf insurance is a new breakthrough in the field of waqf and sharia insurance. This product collaborates between waqf and insurance products. The insurance waqf product is considered contrary to one of the insurance principles, namely the principle of insurable interest (Insurable Interest Principle). This principle states that the insured party (the insured / insurance participant) must have an interest in the object of insurance (life / object). This principle was born because everyone insures himself / his property because the person / property has the risk of being damaged / lost, whereas if someone chooses to have waqf or not, it does not actually pose any risk. This study uses an empirical approach in which an analysis of the Islamic waqf insurance contract is carried out and compares it with the basic principles of insurance. In addition, interviews were conducted with experts to deepen the study under study. The results of the study state that waqf insurance products in Sharia insurance can be used as part of insurance products by following the provisions of the DSN-MUI fatwa NO.106 / DSN-MUI / X / 2016 concerning Waqf Insurance Benefits and Investment Benefits in Sharia Insurance. By referring to this fatwa, the waqf insurance product has fulfilled the principle of insurable interest by stating that the maximum waqf that can be made on the insurance waqf product is 45%, while the other 55% is returned to the insurance participant or the beneficiary (if the insurance participant dies before the insurance contract is completed. ) as a form of risk mitigation and implementing the principle of insurable interest.


2020 ◽  
Vol 12 (3) ◽  
Author(s):  
Nguyen Thi Bao Anh

Medical malpractice liability insurance (MMLI) is one type of professional liability insurance that protects healthcare professionals from liability associated with wrongful practices. This type of MMLI can cover a result of bodily injury, medical expenses, and property damage, as well as the cost of defending lawsuits related to such claims. The frameworks of MMLI of the countries such as explanations, insurable interest, insured risk, insured premium, indemnification, and the third party will be analysed and compared.  Comparing the systems of MMLI in Vietnam with other countries-Belgium, France, and England- is to be aware of the different and similar regulations. The results from this study may help Vietnam to study more through the models of MMLI of Belgium, France, and England.


2020 ◽  
Vol 9 (2) ◽  
pp. 188
Author(s):  
Fitria Dewi Navisa

 Benda asuransi erat hubungannya dengan teori kepentingan (interest theory) yang secara umum dikenal dalam hukum asuransi. Kepentingan itu harus sudah ada pada benda asuransi pada saat asuransi diadakan atau setidak-tidaknya pada saat terjadi peristiwa yang menimbulkan kerugian (evenemen). Problematika yuridis dalam penelitian ini adalah belum adanya penjelasan terkait asas kepentingan dalam Undang-Undang No. 14 Tahun 2014 tentang Perasuransian (kekosongan norma), sehingga tidak terdapat standarisasi tentang asas kepentingan beserta karakteristiknya. Untuk menemukan jawaban atas permasalahan dalam penelitian ini, maka peneliti akan mempergunakan teori-teori hukum tertentu sebagai landasan untuk menganalisanya. Teori itu meliputi; Teori Perlindungan Hukum, Teori Kepastian Hukum, Teori Investasi, dan Teori Asuransi. Metode pendekatan yang digunakan adalah bersifat yuridis normatif. Penelitian ini menggunakan 4 macam pendekatan, yakni pendekatan perundang-undangan (statute approach), pendekatan konseptual (conseptual approach), pendekatan kasus (case approach), dan pendekatan perbandingan (comparative approach). Penelitian ini bersifat deskriptif analisis, deskriptif berarti usaha mengemukakan gejala-gejala secara lengkap di dalam aspek yang diselidiki agar jelas keadaan dan kondisinya. Menurut teori kepentingan (interest theory) pada benda asuransi melekat hak subjektif yang tidak berwujud. Kepentingan itu sifatnya absolut, artinya harus ada pada setiap objek asuransi dan mengikuti kemana saja benda asuransi itu berada. Kepentingan itu harus sudah ada pada benda asuransi pada saat asuransi diadakan atau setidak-tidaknya pada saat terjadi peristiwa yang menimbulkan kerugian (evenemen). Bagi tertanggung yang memiliki benda asuransi, kepentingannya melekat pada benda asuransinya.           Pada konteks perjanjian asuransi, maka dalam mencapai kepentingan berdasar keadilan dan kemanfaatan tidak dapat hanya berdasar keuntungan penanggung, melainkan kemanfaatan berupa kesempatan bagi pihak yang seharusnya bisa jadi tertanggung demi kesetaraan.Kata kunci: Asas Kepentingan, Karakteristik, Asuransi Object insurance is closely related to the theory of interest (interest theory) which is generally known in insurance law. The interest must already exist in the insurance object when the insurance is held or at least when the event that caused the loss (evenemen). Juridical problematic in this research is that there is no explanation related to the principle of interest in Law No. 14 of 2014 concerning Insurance (void norms), so there is no standardization of the principle of interests and their characteristics. To find answers to problems in this study, the researcher will use certain legal theories as a basis for analyzing them. The theory includes; Legal Protection Theory, Legal Certainty Theory, Investment Theory, and Insurance Theory. The approach method used is normative juridical. This study uses 4 kinds of approaches, namely the statute approach, conceptual approach, case approach, and comparative approach. This research is a descriptive analysis, descriptive means an attempt to express the symptoms in full in the aspects being investigated to make it clear the conditions and conditions. According to the theory of interest (interest theory) on insurance objects inherent in intangible subjective rights. The importance is absolute, meaning that it must exist in every insurance object and follow it wherever the insurance object is located. The interest must already exist in the insurance object when the insurance is held or at least when the event that caused the loss (evenemen). For the insured who has insurance objects, their interests are inherent in the insurance object. In the context of insurance agreements, in achieving interests based on justice and benefits, it cannot only be based on the profits of the guarantor, but rather benefits in the form of opportunities for those who should be insured for equality.Keywords: Principle of Interest, Characteristics, Insurance


Author(s):  
D Fox ◽  
RJC Munday ◽  
B Soyer ◽  
AM Tettenborn ◽  
PG Turner

This chapter deals with the principles of insurance law. First, the chapter explains how insurance works, with a particular focus on insurable interest, the statutes that govern insurance contracts, and the power of the Financial Conduct Authority to authorise persons wishing to conduct business as insurers. The chapter then considers how an insurance contract is formed and goes on to describe the content and interpretation of the contract. It also discusses the liability and rights of the insurer before concluding with an analysis of marine insurance and insurance claims.


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