Wolters Kluwer Law & Business IEL Insurance Law in South Korea [POD]

Derived from the renowned multi-volume International Encyclopaedia of Laws, this book provides valuable practical insight into both public supervisory legislation concerning insurance and private insurance contract law in South Korea. An informative general introduction surveying the legal, political, financial, and commercial background and surroundings of insurance provides a sound foundation for the specific detail that follows. The book covers all essential aspects of the law and regulation governing insurance policies and instruments. Its detailed exposition includes examination of the form of the insurance company and its reserves and investments; the insurance contract; the legal aspects of the various branches of property and liability insurance; motor vehicle insurance schemes; life insurance, health insurance, and workmens compensation schemes; reinsurance, co-insurance, and pooling; taxation of insurance; and risk management and prevention. Succinct yet eminently practical, the book will be a valuable resource for lawyers handling cases affecting South Korea. It will be of practical utility to those both in public service and private practice called on to develop and to apply the laws of insurance, and of special interest as a contribution to the much-needed harmonization of insurance law. About the Author Semin Park, born in 1963, is a tenured professor in Insurance law and Commercial law at the Korea University Law School, Seoul, Korea. He studied law with LLB at Korea University. He obtained his LLM degree from London School of Economics and Political Science(L.S.E.), University of London and was granted PhD degree in law of Insurance at University of Bristol, UK. He published a professional book of insurance contract law, titled The duty of disclosure in insurance contract law at Dartmouth Publication Co. in London. Also, he published a book Insurance Law which has been used as a textbook at the universities in Korea, and a book Principles and practice of Automobile Insurance Law which has been quite often cited by lawyers and scholars. Prof Park read his major at University of California (Berkeley), and University of North Carolina (Chapel Hill), USA as a visiting scholar. Prof Park has been a member of Committee for Insurance Law Amendment under the authority of the Korean Government (Ministry of Justice) since 2007. From 2011, he has worked as a Chairman of the Subcommittee for Non-life insurance and also performed as a Member of Arbitration in Korean Financial Supervisory Service. Prof Park regularly gives his advice to Korea Life Insurance Association, General Insurance Association of Korea, and major insurance companies in Korea.