Insurance and Financial Law

Syllabus

• Basic characteristics of the Hungarian legal system.
• Legal rules governing the insurance sector.
• Insurance contract law: the Civil Code and the Motor Vehicle Liability Insurance Act.
• Civil Code and Motor Vehicle Liability Insurance Act II.
• Public law regulation of insurance activity: structure, scope and definitions of the Insurance Act.
• Participants in the insurance market: insurers and intermediaries.
• Establishing an insurance company and starting insurance activity: the most important operating conditions.
• The most important operating conditions of insurance companies II.
• The most important operating conditions of insurance companies III.
• Overview of relevant capital market regulation.
• The role of the Hungarian National Bank as supervisory authority in capital markets.
• The connection between securities law and insurance activity.
• Introduction to the concept of securities: distinguishing securities from contracts and from objects.
• Rules on the forms, issuance and cancellation of securities.
• Overview of the regulation of basic securities.
• Overview of capital market participants.
• Supervision of the financial sector: tasks and instruments of the Hungarian National Bank.