What Is Insurance Law?
Insurance law is a legal practice that covers insurance issues, insurance policies and claims. Here you'll find more information about insurance law, schools that offer insurance law courses and the salary of an insurance lawyer. Schools offering Legal Studies degrees can also be found in these popular choices.
Insurance Law Overview
Insurance law involves legal issues with insurance policies and claims on all types of insurance, including commercial liability, homeowners', car and property and casualty. Lawyers who specialize in insurance law deal with two types of insurance law: business insurance regulations and claim handling regulations. Insurance law covers concerns as diverse as wage and hour laws, zoning and land use, tax laws and securities regulations.
Insurance Law Courses
Many universities offer insurance law courses in their Juris Doctor (J.D.) degree programs. These courses are usually taken as upper-level courses during the last year of law school. The course teaches students fundamental principles of insurance law, regulations, insurance contract formation and functions of insurance. Students learn about forms of insurance, such as auto, health, life, fire, property, disability and liability. The classes emphasize how insurance policies affect people in different situations. Students also learn how to counsel people and companies on how to deal with insurance risks, and how to develop a plan for clients who have experienced losses that are covered by insurance. Colleges that offer insurance law courses include:
- University of Florida
- Arizona State University
- University of Minnesota - Twin Cities
Salary For Insurance Lawyers
The U.S. Bureau of Labor Statistics (BLS) indicated that lawyers working in firms focused on insurance and employee benefit funds earned a mean annual salary of $148,270 as of May 2012. That was somewhat higher than the mean for all attorneys of $130,880 reported at that time. The BLS also reported that lawyers face strong professional competition after completing law school since more students graduate each year than the total number of available jobs.
To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below: