What type of law deals with written regulations?

Prepare for the Manitoba IBAM Fundamentals of Insurance Exam. Use our quiz with multiple-choice questions, each offering hints and explanations. Get set to ace your exam!

Statute Law pertains to the body of written laws enacted by legislative bodies, such as federal or provincial governments. This type of law is codified and consists of rules that are formally written, making them accessible and enforceable in a consistent manner. Statutes are created to address specific legal issues and can cover a wide range of topics, including property, contracts, and family law. The clarity and structure provided by statute law allow for a clear understanding of legal obligations and rights.

In contrast, Common Law refers to laws developed through court decisions and judicial rulings rather than written statutes. It evolves from precedents set in historical cases and relies on the doctrine of stare decisis. Civil Law involves a codified set of laws as well, but it is mostly applicable in jurisdictions following the civil law tradition, which is distinct from the legislative framework found in many North American contexts. Criminal Law is a branch of law governing crimes and their punishments, but again, it can include statutes as well as common law principles.

Statute Law stands out in this question as the correct choice because it specifically addresses the category of law that consists entirely of written regulations enacted by legislative authority.

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