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.
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.
Important Facts About This Field of Study
|Prerequisites||Bachelor's degree, satisfactory scores on the LSAT|
|Online Availability||Hybrid law degrees accredited by the ABA are available|
|Possible Careers||Insurance attorney, insurance/medical negligence lawyer|
|Continuing Education||Continuing legal education is required either annually or every 3 years for lawyers in most states|
Source: U.S. Bureau of Labor Statistics
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 about 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
The U.S. Bureau of Labor Statistics (BLS) indicated that lawyers working for insurance carriers earned a mean annual salary of $138,160 as of May 2018. That was somewhat lower than the mean for all attorneys of $144,230 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.