The Role of Insurance Law - Case Study Example

The role of insurance law and practice in the regulation of international business transactions Outline This section will highlight a general description of insurance law and international business transactions. The history of insurance law and the role of international business transactions will be highlighted. The aim of the paper and what the paper will take about will also be detailed in this section.IntroductionThis section will contain a brief preview and definitions of terms: insurance, types of insurance laws including Islam insurance, insurance principles, and the thesis statement will be states.

BodyThe body of the paper will have several sub-topics as follows:Insurance lawThis section will highlight laws regarding insurance companies, insurance contract and insurance market. There will be a description of certain special rules concerning insurance contracts founded on general contract law such as duty of utmost good faith and insurable interest. Regulations of insurance agents and insurance companies will also be introduced. There will be arguments on insurance policies and regulatory issues concerning risk and operation management of insurance businesses.

There will be a discussion of the nature and fundamentals of insurance, its functions and purpose in commerce, and its effects and function on tort litigation and recovery. These will be discussed in relation to insurance contract, structure, interpretation, and use.International business transactionThis section will discuss international company, business transactions involving insurance law. Examples of treaties and international trades will be highlighted, as well as the benefits and effects to the global economy.

Economic analysis of the lawThere will be an economic analysis of the law. This section will describe the role of economic principles in analyzing the law.International and comparative criminal justiceIt will highlight different paradigms of justice in form of business contracts and international developments. The section will also state possible tensions resulting from international business.Law of International TradeThis section will highlight private law of transactions involving the movement of goods from one country to another.

It will also describe the public law controls which effect such transactions and transactions which are governed by other legal systems such as WTO.Legal and Commercial Principles in Project Financing TransactionsThis section will describe the way in which major projects are financed, focusing on the key features of the financing and the players who bring infrastructure projects to life.  There will be emphasis on the key legal and other risks in the project financing. Trade and Investment LawThis section will examine the international trade landscape, the main institutional protagonist, namely the World Trade Organization, and its rules.

It will also examine the legal issues surrounding cross-border investment decisions and disputesConclusionThis section will contain a general summary of the major ideas. Thesis statement will also be restated.List of ReferencesBirds J. British business law - Insurance: Contribution and double insurance. The Journal of Business Law 1992 01:98.Hasson RA. Good Faith in Contract Law -- Some Lessons from Insurance Law. The Canadian Business Law Journal 1987 07;13(1):93-120Introduction to the PRC Insurance Law (Draft Amendment).

China Law & Practice 2008 11.LEGAL - INSURANCE CONTRACT LAW: UK contract law faces sweeping change. Life Insurance International 2007 08:10Monti A. The law of insurance contracts in the Peoples Republic of China. A comparative analysis of policyholders rights. Global Jurist Topics 2001;1(3):30Oduntan, Gbenga C.I.F. Gatwick and Other Such Nonsense Upon Stilts: Incoterms and the Law, Jargon and Practice of International Business Transactions6. International Company and Commercial Law Review, (2010).

Organization. RH, Robert Hunter, Federal Insurance Administrator from 1974 to 1978, is president of the National Insurance,Consumer Organization. REFORM INSURANCE, NOT LIABILITY LAW; TAMING THE LATEST INSURANCE CRISIS. New York Times 1986 Apr 13.Rea,Samuel A.,,Jr. The economics of insurance law. International Review of Law and Economics 1993 06;13(2):145 Schmitthoffs Export Trade: The Law and Practice of International Trade) by Leo D Arcy, Carole Murray and Barbara Cleave, 12th ed Sweet & Maxwell, London, 2012.J.C.T. Chuah, Law of International Trade, Sweet & Maxwell, 5th edition 2013.

Indira Carr, International Trade Law, 5th edition London: Cavendish (2014);Miriam Goldby, Indira Carr, International Trade Law Statutes and Conventions 2011-2013, Routledge.