The Insurer and the Insured are parties to an insurance contract.
Usually the answer to this question is no. Rarely an insurance company will let a 17 year old take out a policy on their own if they legally own the vehicle as well. Because an insurance policy is a legal contract that usually means that you must be 18 in order to sign the policy application.
A contract can be legally voided through mutual agreement between the parties involved, if there is a breach of contract, if one party lacks capacity to enter into the contract, or if the contract is deemed illegal or against public policy.
the intention by both parties to the contract must have the intention to enter into a contract.
I assume you are talking about disclosing your current life insurance policies to a company that you are applying to for a new policy. You should be absolutely as truthfull as you can in every aspect of any insurance applications that you fill out. The application and policy are a legally binding contract. If it is deemed that you lied on an application on any fact that is determined to be material to the issuance of the policy the insurance can and will find the contract null and void. They depend on the facts that you give them to decide on the policy issued and rates given. As in any legal contract if one party provides false or misleading information to get the other party to enter into a contract then the other party cannot be held to the terms of the contract. You don't want to pay for a policy that will not pay off when you need it.
Because laws and companies vary by state you should just simply call and ask your agent. Note that one must be at least 18 to enter into a contract. An insurance policy is a contract.
18 is the age at which you can enter into a legal contract. Before the age of 18 you can still purchase auto insurance but your gaurdian or a parent will have to countersign the insurance application.
The terms that all parties must agree to in order to enter into a contract are known as the "essential elements" of a contract. These include an offer, acceptance, consideration, legal capacity, and mutual consent.
A 17 year old can not enter into a legally binding contract. Therefore a parent or guardian must countersign the Insurance Application.
In many cases when you enter into a contract, whether it is a contract for work, a lease agreement or any other type of contract, there will be clauses covering insurance and indemnification, which is a fancy word for covering someone else's financial loss. Liability insurance provides money to cover losses to others due to negligence on the part of the insured. In this case, the insurance company is indemnifying the insured. If there is an indemnification clause in the contract then the contractor must indemnify the contractee as specified. This is most usually done by adding the contractee as either an additional insured (in the case of liability insurance) or as a loss payee (in the case of property insurance) to their existing policy. If the person entering the contract does not have insurance or does not have sufficient insurance, then those policies can usually be purchased. However, having the insurance or having the contractee named on your policy does not alleviate the indemnification.
Parties can enter into an electronic mail contract using email by clearly expressing their agreement to the terms of the contract through email communication. This can include discussing and confirming the terms of the contract, such as price, delivery dates, and other important details, within the email correspondence. Once both parties have reached a mutual understanding and agreement, the contract is considered legally binding.
Offer and acceptance: One party must make an offer, and the other party must accept it. Consideration: Both parties must receive something of value in exchange for what is promised in the contract. Legal purpose: The contract must not involve anything illegal or against public policy. Capacity: Both parties must have the legal capacity to enter into a contract. Mutual assent: Both parties must agree to the terms of the contract willingly and with a clear understanding of what is expected.
Full liability, as the child is still a minor and the parents are responsible; on the other hand, at the age of 17, a teenager cannot legally enter in a contract, so the insurance policy is void and the insurance becomes just as liable.