2.1 Introduction

The previous chapter presents the industrial background under which the Insurance Law was formulated and has been operating. This chapter describes the legal background under which the Insurance Law was enacted and has been amended and interpreted. It presents an overview of the legal framework and sources of law relating to insurance contracts and regulations. It is hoped that this chapter can serve as a bridge from the introductory part of the book to the examination of the substantive law of insurance contracts in the following chapters.