Insurance Law/ SABS
Insurance is a contract in which the insured pays a fee to the insurance company, and in exchange, the insurance company agrees to pay the beneficiary of the policy a given amount if specific events occur, such as death, auto accident or illness. There are many, many kinds of insurance including: life insurance, auto insurance, health insurance, mortgage insurance, unemployment insurance, accident insurance, burial insurance, cargo insurance, fire insurance, title insurance. In this module the student will develop an understanding of the legal principles upon which insurance rests.
After examining fundamental insurance principles the course will explore the Ontario automobile accident compensation scheme. The module will address the prevailing automobile compensation system and will cover all of the practical questions of coverage, entitlement and payment schedules available.