Contract characteristics and elements

Contract characteristics and elements

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 contract characteristics and elements.
• Apply the relevant financial concepts or calculations and explain their assumptions, risks and analytical limits.

Curriculum Scope

• Distinct legal characteristics of insurance contract
• Basic elements of an insurance contract

Detailed Microsyllabus

1. Insurance contract

   1. Distinct legal characteristics.
   2. Rights and obligations created by terms.
   3. Compare with ordinary contracts.

2. Elements

   1. Identify the policy's basic components.
   2. Conditions, limits and exclusions where prescribed.
   3. Analyze supplied wording rather than invent coverage.

---

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.