Insurance Law

What is Insurance Law?

Insurance law is a special branch of private law that regulates insurance contracts, activities of insurance companies and rights and obligations arising from insurance relations. This field has been developed to protect the rights of insured parties, determine the obligations of insurance companies and ensure the orderly functioning of the insurance sector.

Insurance law forms the legal framework of insurance services, which are indispensable elements of modern life. It covers a wide range of legal issues from individual insurance policies to corporate insurance programs, from damage payments to insurance fraud.

Our Insurance Law Service Areas

Types of Insurance and Features

Property Insurance

Liability Insurance

Elements of Insurance Contract

Parties to Insurance Contract

• Insurer: Insurance company
• Policyholder: Person making the contract
• Insured: Person bearing the risk
• Beneficiary: Person to receive compensation

Basic Principles of Insurance Contract

Damage Process and Compensation

Damage Notification Process

The procedures to be followed in case of insurance damage are of critical importance.

Damage Notification Stages:

1. Immediate Notification: Reporting damage as soon as possible
2. Damage File: Collection of required documents
3. Expert Assessment: Damage determination and evaluation
4. Report Preparation: Preparation of expert assessment report
5. Compensation Calculation: Determination of amount to be paid

Compensation Calculation Methods

• Actual Value Basis: Real value of damage
• Replacement Value: Reconstruction/repurchase cost
• Market Value: Current market price
• Agreed Value: Pre-determined value

Insurance Disputes

Common Dispute Topics

• Damage Rejection: Insurance company's refusal to pay compensation
• Underpayment: Insufficient calculation of compensation
• Delay Interest: Interest claim due to payment delay
• Coverage Scope: Whether damage is within coverage scope
• Negligence and Fault: Insured's negligence situation

Dispute Resolution Methods

Life Insurance Law

Types of Life Insurance

Special Situations in Life Insurance

• Suicide Case: Waiting period application
• War and Terror: Exception situations
• Occupational Risks: High-risk occupations
• Health Declaration: Obligation to provide accurate information

Health Insurance Law

Health Insurance Coverage

Health insurance is a type of insurance designed to cover the costs of health services.

Coverage Scope:

• Outpatient treatment expenses
• Inpatient treatment costs
• Surgery expenses
• Medicine costs
• Dental treatment expenses
• Birth costs

Points to Consider in Health Insurance

• Waiting Periods: When coverage begins
• Deductible Amounts: Insured's participation share
• Age Limits: Entry and exit ages
• Pre-existing Conditions: Exception situations

Insurance Agents and Brokers

Insurance Agent

Persons or organizations authorized to make insurance contracts on behalf of insurance companies.

Agent Obligations:

• Customer information
• Correct consultancy
• Explaining contract terms
• Assistance in case of damage
• Professional liability insurance

Insurance Broker

Independent insurance specialists acting on behalf of the policyholder.

Broker Services:

• Risk analysis
• Insurance program design
• Market research
• Damage management
• Renewal consultancy

Insurance Legislation and Regulations

Basic Legislation

• Insurance Law: Basic regulations
• Turkish Commercial Code: Insurance contracts
• Highway Traffic Law: Compulsory traffic insurance
• Social Insurance Law: Social security

Regulatory Institutions

• Ministry of Treasury and Finance: Sector regulations
• SEDDK: Capital market regulations
• TSB: Sector association
• TMSF: Deposit insurance

Advantages of Our Insurance Law Consultancy