0
What else can I help you with?
Who receives the benefits or money from a life insurance pplicy upon the death of the insured?
Upon the death of the insured, the person or persons selected as the receiver of benefits in the contract receives the benefits or money from a life insurance policy.
A new industry that is protected is termed as what?
The insured receives a contract, called the insurance policy, which details, Wren's inclusion of a site for 'the Insurance Office' in his new plan for London in 1667".
Why is an insurance contract a unilateral contract?
a unilateral contract is one in which one party 's promise is exchanged with other party's act. insurance contract is unilateral because one party ie the insured pays premium regularly and the insured ie the other party promises to compensate for any loss caused to the insured. here the act of paying premium by insured is exchanged with the promise of insurer.
8 Which is the document in Insurance which can be called the Documentary Evidence of Contract between the Insurance Company and the Insured?
That should be your declarations page. It is a binding contract between the insured (you) and the company.
Who are the parties that enter a auto insurance policy contract?
The Insurer and the Insured are parties to an insurance contract.
Who is the principal in a life insurance contract?
The Insured of the policy is obviously the Principal in a life insurance contract.
Does a motorcycle stay insured in the winter?
the normal insurance contract is 12 months, so yes it would be insured
Is your car insured in a car park?
it will tell you in your contract between you and the insurance company
A written contract between an insured person and an insurance company?
It is called in insurance policy.
What is the term for the written contract between an insured person and an insurance company?
Insurance policy
Who receives the money from life insurance if the beneficiary is deceased the insured or the heirs?
The contingent beneficiary, if one was named.
Can anyone drive insured vehicle with the insured person in the front seat?
No, All drivers must meet the definition of a covered driver under the terms of your auto insurance contract
