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Legal principles and requirements

Unit 3: Fundamental Legal Principles and Insurance ContractTopic 1 of 2
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Insurance and Risk Management

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What the syllabus expects

  • Legal principles
  • Requirements of an insurance contract

Bachelor of Business Studies (BBS) — Fourth Year

Subject: Insurance and Risk Management (FIN 254)

Unit 3: Fundamental Legal Principles and Insurance Contract

Academic Year: 2083/84

Topic Objectives

After studying this topic, students should be able to:

  • Explain the scope and key elements of legal principles and requirements.
  • Apply the relevant financial concepts or calculations and explain their assumptions, risks and analytical limits.

Curriculum Scope

  • Legal principles
  • Requirements of an insurance contract

Detailed Microsyllabus

  1. Legal principles

    1. Source-prescribed insurance-law principles.
    2. Their role in contractual relationships.
    3. Identify the governing jurisdiction.

  2. Contract requirements

    1. Parties, agreement and other required elements.
    2. Use the applicable course materials.
    3. Avoid assuming one country's rules apply to Nepalese policies.

Curriculum reference: Tribhuvan University, Faculty of Management, revised four-year BBS curriculum, PDF pages 92–96.

Source note: The curriculum scope above is retained from the existing TU syllabus breakdown. The numbered study subtopics are editorial elaborations for teaching and study, rather than a separately issued TU syllabus. Unit or component allocations apply at their stated level; no separate topic hours or marks are assigned here. Examples involving current laws, rates, institutional products or Nepalese status must identify the relevant period and official materials; no changing numerical or legal requirements are invented here.