Fundamental of Insurance is a compulsory course of the major of insurance .Fundamental of Insurance is a basal elective course of the major of economic and administration. First the course introduces the relationship of the insurance and management of risk, the concept of insurance, classification and functional role. Basis on the fundamental principles of insurance and insurance contracts, the course introduces insurance underwriting, contract terms, claims of life and non-life insurance. The course introduces the insurance market, insurance companies business and insurance supervision.