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there are four elements of insurance contract... offer,acceptance,consideration...
is fire insurance or medi claim (health ins) or motor insurance or life insurance which of them is a contract of indemnity
An insurance contract is needed to specify the exact terms of the insurance.
all types of insurance is not a contract of indemnity because life insurance cannot b measured in terms of money , that is why it is not a contract of indemnity
If insurance is required by your contract then the 'wrong' insurance might be a contract violation allowing repossession. You have to read your contract.
The Insurer and the Insured are parties to an insurance contract.
The Insured of the policy is obviously the Principal in a life insurance contract.
Insurance contract with an insurance company Indemnity bond
as it differentiate insurance contract from other commercial contract so it is important.A contract of insurance is a contract of Utmost good faith technically known as uberrima fides. The doctrine of disclosing all material facts id embodied in this important principle which applied to all forms of insurance.
the elements of contract are multifaceted and can be discribed by many in so many ways.
A property is not a contract or a business. A liability insurance policy is a kind of contract but not a business. the answer is b...
Valid elements of a contract include both parties signatures. A contract must also include both parties agreeing on the terms of the contract.