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Information Journal Paper

Title

A COMPARATIVE STUDY OF INDEMNITY IN THE ABSENCE OF INSURABLE INTEREST IN IRANIAN LAW

Pages

  75-101

Abstract

INSURABLE INTEREST is an almost unknown concept in Iranian law which is limited to indemnity assurance. In English law, INSURABLE INTEREST is a fundamental concept both in indemnity and non- indemnity insurance while in Iranian law, consent of insured has been replaced for validity of the non-indemnity insurance (section 23 of the Iranian Assurance Act codified in 1316). In English law, INSURABLE INTEREST has been attended to for more than a century and there has been extensive research on economic and legal aspects. The Iranian Assurance Act like the France law only created a requirement that the insured must be able to demonstrate an INSURABLE INTEREST in the subject matter of the insurance but this act does not offer any indication to determine the consequences of lack of INSURABLE INTEREST in the contract. This paper concentrates on the necessity of the INSURABLE INTEREST in both indemnity and non-indemnity assurance in a comparative study. Consequently, the best SANCTION for the lack of INSURABLE INTEREST in Iranian law is determined.

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  • Cite

    APA: Copy

    IZANLOO, MOHSEN, & FOOLADGAR, FARIBA. (2013). A COMPARATIVE STUDY OF INDEMNITY IN THE ABSENCE OF INSURABLE INTEREST IN IRANIAN LAW. IRANIAN JOURNAL OF INSURANCE RESEARCH (SANAAT-E-BIMEH), 28(2 (110)), 75-101. SID. https://sid.ir/paper/100858/en

    Vancouver: Copy

    IZANLOO MOHSEN, FOOLADGAR FARIBA. A COMPARATIVE STUDY OF INDEMNITY IN THE ABSENCE OF INSURABLE INTEREST IN IRANIAN LAW. IRANIAN JOURNAL OF INSURANCE RESEARCH (SANAAT-E-BIMEH)[Internet]. 2013;28(2 (110)):75-101. Available from: https://sid.ir/paper/100858/en

    IEEE: Copy

    MOHSEN IZANLOO, and FARIBA FOOLADGAR, “A COMPARATIVE STUDY OF INDEMNITY IN THE ABSENCE OF INSURABLE INTEREST IN IRANIAN LAW,” IRANIAN JOURNAL OF INSURANCE RESEARCH (SANAAT-E-BIMEH), vol. 28, no. 2 (110), pp. 75–101, 2013, [Online]. Available: https://sid.ir/paper/100858/en

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