HU Credits:
2
Degree/Cycle:
1st degree (Bachelor) and 2nd degree (Master)
Responsible Department:
Faculty of Law
Semester:
2nd Semester
Teaching Languages:
Hebrew
Campus:
Mt. Scopus
Course/Module Coordinator:
Yaron Elias
Coordinator Office Hours:
Wednesday, 17:00-18:00
Teaching Staff:
Yaron Elias
Course/Module description:
The course will cover the foundations of Israeli commercial insurance law, and the central principles governing the insurance contract and the contractual relationship between the insurer and the insured.
Course/Module aims:
The course’s purpose is to present the special characteristics of the insurance contract, as well as the interplay between insurance law on the one hand, and contract law, tort law, and administrative and constitutional law on the other.
Learning outcomes - On successful completion of this module, students should be able to:
1.Understanding the operative principles of commercial insurance.
2.Familiarity with the laws regulating insurance.
3.Mastering the distinction between commercial insurance and other insurance mechanisms (such as social insurance, mutual insurance, or self insurance).
4.Comprehension of the central legal principles governing the regulation of insurance.
5.Familiarity with the basic structure of the Israeli insurance
Attendance requirements(%):
80%
Teaching arrangement and method of instruction:
Frontal lectures
Course/Module Content:
1. The essence of insurance
2. The history of insurance
3. The foundations of insurance
4. The foundations of insurance contract
5. The insurance contract versus other contracts concerned with risk-shifting
6. The theoretic basis of insurance legislation
7. The law governing the insurance contract
8. Interpretation of insurance contracts
9. Insurable Interest
10. The principle of indemnity
11. Creation of insurance contract
12. Duty of disclosure
13. Duty of care
14. Period of Insurance
15. Insurance Benefits
16. Exclusions clause in insurance policies
17. insurance cancellation
18. remedies for breach of insurance contract
19. Alteration of Risk
20. Insurance Claims
21. Loss Prevention
22. Insurance Frauds
23. Subrogation
24. statute of limitations
Required Reading:
1. H.S Denenberg, "The Legal Definition of Insurance" 30 J. Risk & Insurance 319 (1963)
2. M. Rabin & R.H Thaler, "Anomalies: Risk Aversion", 15 J. Economic Perspective 219 (2001)
3. Kenneth S. Abraham, Efficiency and Fairness in Insurance Risk, 71 Va. L. Rev. 403 (1985)
Additional Reading Material:
Course/Module evaluation:
End of year written/oral examination 100 %
Presentation 0 %
Participation in Tutorials 0 %
Project work 0 %
Assignments 0 %
Reports 0 %
Research project 0 %
Quizzes 0 %
Other 0 %
Additional information:
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