Dibrugarh University - B.Com 5th Semester: Insurance Regulatory Framework Syllabus

Marks: 80 Hours: 40
Objectives: This course acquaints the students with the Legislative Framework with regard to Insurance.
Course Contents:
UNIT-I: Brief history of Insurance Regulation in India-Provisions relating to registration, accounts and returns, investment and licensing of agents.              20 : 10 hrs
UNIT-II: Establishment of LIC of India. Constitution of the Corporation. Capital of the Corporation. Applicability of Insurance Act, 1938 provisions relating to management under the LICI Act, 1956.                 20 : 10 hrs.
UNIT-III: IRDA,1999: Definition, composition of the authority. Terms of the Chairperson and other members, duties, powers and Functions of the Authority                  20 : 10 hrs
UNIT-IV: Ombudsman Scheme- Appointment of ombudsman, power, function and duties, Filing of complaint with ombudsman.                      20: 10 hrs
Text and Reference Books::
1. Mishra M.N: Insurance Principles and Practice; S. Chand and Co, New Delhi.
2. Vinayakam N., Radhaswamy and Vasudevan SV; Insurance- principles and Practice, S. Chand and Co., New Delhi.
3. Gupta OS: Life Insurance; Frank Brothers, New Delhi.
4. Insurance Regulatory Development Act 1999. and other relevant Act.
5. Rejda: Principles of Risk Management & Insurance, Pearson, New Delhi.

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