With common law, the defining idea of a contract of commercial insurance is of transfer of risk freely negotiated concerning counterparties of equivalent bargaining power, equally deserving of the courts’ safety. Insurance law is the practice of law surrounding insurance, including insurance plans and claims. It is usually broadly broken in to three categories – regulation of the business of insurance coverage; regulation of this content of insurance procedures, especially with value to consumer procedures; and regulation connected with claim handling.
Insurance Law
