This course is a study of the legal principles applicable to the contract of insurance and to the state regulation of insurance. These principles are examined in the light of their institutional setting. Legal and non-legal material is utilized in this course. Topics studied include: formation of a contract; insurable interest; premiums; construction of life, property, accident, liability, and group contracts; concealments; warranties; conditions; exceptions; waiver; estoppel. This course also covers the propriety of federal regulation concentrating on the areas of national health care, no fault, and pension reform.