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Business and Management
Finance and Accounting
Risk Management
Risk Management and Insurance
1. Introduction to Risk and Risk Management
2. Risk Management Process and Techniques
3. Insurance Fundamentals
4. Legal Foundations of Insurance
5. Insurance Contract Law
6. Commercial Insurance Lines
7. Personal Insurance Lines
8. Insurance Industry Structure and Operations
9. Insurance Regulation and Legal Environment
Legal Foundations of Insurance
Fundamental Legal Principles
Principle of Indemnity
Compensation Concept
Actual Cash Value
Replacement Cost Less Depreciation
Market Value Approach
Broad Evidence Rule
Replacement Cost
New for Old
Depreciation Considerations
Policy Provisions
Agreed Value
Valued Policies
Principle of Insurable Interest
Legal Interest Requirement
Financial Interest
Factual Expectancy
When Interest Must Exist
Property Insurance Timing
Life Insurance Timing
Types of Insurable Interest
Ownership Interest
Contractual Interest
Legal Liability Interest
Principle of Subrogation
Insurer's Rights
Recovery from Third Parties
Preservation of Rights
Limitations and Exceptions
Waiver of Subrogation
Principle of Utmost Good Faith
Duty of Disclosure
Material Facts
Representations
Definition and Nature
Material Misrepresentation
Consequences of Misrepresentation
Concealment
Active Concealment
Passive Concealment
Materiality Test
Warranties
Affirmative Warranties
Promissory Warranties
Breach Consequences
Causation in Insurance
Proximate Cause
Definition and Application
Chain of Causation
Intervening Causes
Concurrent Causation
Efficient Proximate Cause Rule
Anti-Concurrent Causation Clauses
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3. Insurance Fundamentals
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5. Insurance Contract Law