Introduction to Insurance Law

This assignment delves into the fundamentals of insurance law. It examines the steps involved in distributing personal insurance products, emphasizing consumer protection and regulatory requirements. Further, it explores the structure of the Alberta Provincial Court System, highlighting its various divisions and their respective jurisdictions. Finally, the assignment analyzes contract formation, particularly focusing on the four essential elements under Quebec's Civil Code.

Running head: INTRODUCTION TO INSURANCE 1
Introduction to Insurance
Name:
Institutional Affiliation:

INTRODUCTION TO INSURANCE 2
Introduction to Insurance
Question 1
There are several steps in which the personal insurance products get distributed:
 Providing information and advice to customers: According to the Canadian Council of
Insurance Regulators (CCIR), consumers must be informed about the products they are
being offered for them to make informed choices (E-Distribution of Insurance Products,
2013).
 Identification of the insurance providers: Consumers must access data that may enable
them to spot the insurance provider and confirm whether the entity is regulated and
registered.
 Disclosure of the required information such as exclusions, warranty and limitations about
the insurance product being offered.
 The chance to review the accuracy of the data provided about the product.
 Provisions of detailed terms and conditions about the contract. According to the CCIR,
consumers must have detailed copy of the application and the contract so that they can
use it to refer when they want to make their transactions.
Question 2
The structure of the Alberta Provincial Court System has four main divisions: Criminal division,
family youth division, civil division, and traffic division.

INTRODUCTION TO INSURANCE 3
- The criminal division is the largest of the four divisions of the Provincial Court of
Alberta. It entails the prosecution and hearing of most criminal charges, first appearances
of the charges, appearances of the accused and bail hearings.
- Family youth division is the second largest Provincial Court. It does not grant divorces
but it deals with most issues of families such as child welfare, custody and access orders,
among others (Provincial Court, 2017).
- The civil division deals with hearings of the civil claims involving not more than
$50,000.
- The traffic division handles cases of breaches of traffic and violations of municipal
bylaws.
Question 3
Brown’s acceptance to purchase the television set actually forms a contract between him and
Smith. An incorrectly advertised price of $300 instead of $500 is assumed to be an error instead
of an attempt to trick the interested parties (Baker, 2014). Mistakes happen at times.
Question 4
The four elements of a valid contract under the Civil Code of Quebec are (Donlan, Orucu &
Farran, 2017):
 Consent – entails offer and acceptance
 Capacity to contract – legal people or parties are not restricted in their ability to contract
unlike the minors or individuals of diminished capacity.
 Cause of contract – the lawful intention for entering into a contract
 Object of contract – All contracts must contain an object that is legal.

INTRODUCTION TO INSURANCE 4
The Articles of the QCC governing each element are:
 Article 1377
 Article 1456
 Article 1611

INTRODUCTION TO INSURANCE 5
References
Baker, J. (2014). How to get a company to honor an incorrect price - maybe - Elliott. Elliott.
Retrieved 7 November 2017, from http://www.elliott.org/advice-you-can-take/get-
company-honor-incorrect-price-maybe/
Donlan, S., Orucu, E., & Farran, S. (2017). A Study of Mixed Legal Systems: Endangered,
Entrenched or Blended. Google Books. Retrieved 7 November 2017, from
https://books.google.co.ke/books?
id=WjrjBAAAQBAJ&pg=PA101&lpg=PA101&dq=four+elements+of+a+valid+contract
+under+the+Civil+Code+of+Quebec&source=bl&ots=z74CygrfeZ&sig=8jxFG2F0VfVz
l2h_EMq-
X87hEFo&hl=en&sa=X&ved=0ahUKEwjfuOfBmqzXAhXMBBoKHY4lBusQ6AEITD
AG#v=onepage&q=four%20elements%20of%20a%20valid%20contract%20under
%20the%20Civil%20Code%20of%20Quebec&f=false
E-Distribution of Insurance Products: the CCIR Publishes its Recommendations. (2013). Lavery.
Retrieved 6 November 2017, from http://www.lavery.ca/en/publications/our-
publications/1646-e-distribution-of-insurance-products-the-ccir-publishes-its-
recommendations.html
Provincial Court. (2017). Albertacourts.ca. Retrieved 7 November 2017, from
https://albertacourts.ca/provincial-court