Contract of Insurance | Mr A Dube
Автор: DestinedForGreatness_CTGO
Загружено: 2020-07-09
Просмотров: 1657
Описание:
Definition |
An insurance contract is a reciprocal contract btwn an insurer and insured i.T.O.Which the insurer undertakes to pay the insured an amount of money or its equivalent, in exchange of payment of a monetary premium should the risk borne by the insurer on b1/2 of the insured materialises by the happening of an event in which the insured has an interest.
Types of Insurance |
Indemnity insurance, Non-Indemnity insurance, Liability insurance and Re-Insurance.
Essentials of a contract on insurance |
Insurable interest, The risk, Premium, Undertaking by insurer to pay a sum of money
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