Motor Insurance
PROJECT
MOTOR INSURANCE
December 2004
Contents
Chapter 1 Introduction
Chapter 2 Merchandise insurance- cargo insurance
introduction
types
object
insured amount
insurance premium
liability,compensation
risk coverage
exclusions
Chapter 3 Carrier's liability insurance
general presentation and provisions
carrier liability insurance- CMR- Romania
types
object
insured amount
insurance premium
liability
risk coverage
exclusions
Chapter 4 Vehicle insurance
Car Insurance and the Road Traffic Act
Compulsory Car Insurance in the United Kingdom
motor insurance against damages and theft
object of the insurance contract
insured risk
exclusions
insured amount
Chapter 5 Third party liability insurance
Third party liability insurance in Romania
International third party liability insurance
The Green Card System
Bibliography
Chapter 1
Introduction
The need for motor insurance appeared short after the first cars were introduced at the end of the 19th century, although at that time the number of cars was quite limited as only few could afford it.
In fact, motor insurance appeared for the first time at the beginning of the 20th century being included in the category of the insurance for accidents. After 1850 road transportation started to develop, the number of cars increased, they also diversified, as a consequence motor insurance was no longer a type of insurance for accidents but became a new type of insurance as such.
Also the total amount of insurance premium in the case of motor insurance was already higher than the total amount of insurance premiums cashed in for all other type of accidents.
After the First World War road transportation developed due to the new stimulating trend in the economy and development of the car
PROJECT
MOTOR INSURANCE
December 2004
Contents
Chapter 1 Introduction
Chapter 2 Merchandise insurance- cargo insurance
introduction
types
object
insured amount
insurance premium
liability,compensation
risk coverage
exclusions
Chapter 3 Carrier's liability insurance
general presentation and provisions
carrier liability insurance- CMR- Romania
types
object
insured amount
insurance premium
liability
risk coverage
exclusions
Chapter 4 Vehicle insurance
Car Insurance and the Road Traffic Act
Compulsory Car Insurance in the United Kingdom
motor insurance against damages and theft
object of the insurance contract
insured risk
exclusions
insured amount
Chapter 5 Third party liability insurance
Third party liability insurance in Romania
International third party liability insurance
The Green Card System
Bibliography
Chapter 1
Introduction
The need for motor insurance appeared short after the first cars were introduced at the end of the 19th century, although at that time the number of cars was quite limited as only few could afford it.
In fact, motor insurance appeared for the first time at the beginning of the 20th century being included in the category of the insurance for accidents. After 1850 road transportation started to develop, the number of cars increased, they also diversified, as a consequence motor insurance was no longer a type of insurance for accidents but became a new type of insurance as such.
Also the total amount of insurance premium in the case of motor insurance was already higher than the total amount of insurance premiums cashed in for all other type of accidents.
After the First World War road transportation developed due to the new stimulating trend in the economy and development of the car