A Study On The System Of Double Insurance

The system of double insurance plays an important role in the enforcement of the insurance industry. The purpose of double insurance is to prevent applicant from obtaining compensation surpassing the actual damage and avoid moral danger. The double insurance has important theoretical and practical meaning in the insurance law. The essay aims at making points on double insurance in the Insurance law currently in effect and consulting the legislation and judicial practice of other countries by analysis.The essay is divided into foreword, text and conclusion.The first part focused on the definition of application of double insurance. Double insurance should be adopted narrow sense.The second part focused on the elements of insurance.The third part mainly focused on the scope of double insurance system. This part provided that whether the nature of double insurance system is life insurance or property insurance, it is applied to fill the loss.The fourth part mainly discussed the legal effect of insurance contract. Double insurance mainly is divided into good double insurance and malicious insurance. Good double insurance and malicious insurance differ from respective legal effect. Thus, the author explored the characteristic of notification as a kind of legal obligation. The author made a difference between good faith in business and good faith in civil law. In the last part, the author put forward some suggestions about the exertion of double insurance in our practical environment.