The Study of Non-Profit Insurance from the Perspective of Jurisprudence and Law of the Islamic Republic of Iran

Referring to jurisprudential and legal texts and the views of Shiite and Sunni scholars and professors, some have argued that “non-profit” and “loss of interest (profit)” are different and others consider both to be the same. Therefore, with the aim of examining the role of insurance companies (insurers) in covering non-profit damages, we investigate these cases. Non-profit insurance is a type of monetary loss insurance. Monetary loss insurance is an insurance that is intended to guarantee the insured's non-pecuniary compensation, such as loss of income, profits, rentals or monetary devaluation. In fact, non-profit in the general sense includes the realized and probable loss of interest, and only the realized lost interests can be compensated. In this article, the non-profit in a particular sense is considered and guaranteed. By examining the laws and regulations and the compliance of legal provisions on the subject of non-profit and its insurance, it will be beneficial to conduct a broader research and analysis in order to elucidate a fair and rational conclusion in order to effect compensation for non-profit losses. With this view, the present study attempts to first discuss the basics and conditions of this type of insurance along with its contracts and types, as well as to analyze the views and theories of jurists and juris-consults in a concise and short manner in order to obtain a just and reasonable conclusion.