Over the past two decades, there have been a number of important developments in the areas of liability, property, and life and health insurance that have significantly changed insurance law. Accordingly, the Second Edition of “Law of Insurance” has been thoroughly revised, updated and enlarged with the latest case laws in order to offer the insurance law practitioners a broad perspective of both traditional insurance law concepts and cutting-edge legal issues affecting contemporary insurance law theory and practice. A detailed review and analyses of the decisions of Supreme Court, High Courts, National Consumer Disputers Redressal Commission and State Commissions has also been done. New chapters providing insight on the concepts of transit risk insurance and health insurance have been added in this book. A separate section on the concept of multiplier method has also been introduced and included under the Motor Vehicle Insurance chapter. Due to its large size, this book is now divided into two volumes: (1) Volume I contains the legal principles and provisions of the insurance law. (2) Volume II of the book contains detailed and exhaustive discussion on different types of insurance that exist. The book also includes the entire statutory material in the sphere of insurance. Due to limitation of space only Insurance Act, 1938 has been included in the appendices of the book. Other statutory materials are being provided in the CD accompanied with this book.