Insurance contract First write the insurance contract between

Insurance contract First: write the insurance contract between the two parties in this decade have several elements, including: 1. insured r: who represents you get premiums and pay the amount if risk (insurance company 1. the insured: the insured shall pay the premium to the insurer, the insurance payment if check.

3. beneficiary: who gets insurance amount if the line. 4. insurance: the amount agreed to be paid by the insurer to the beneficiary if the danger. 5. insurance premium: the payment which the insured shall pay to the insured on a regular basis.

6. period of insurance: term insurance that can be less than a year as transport insurance can be more than a year and stretch for more than thirty years in the life insurance.

insurance contract The insurance contract does not differ from other contracts, the insurance contract is a collection of properties, including: 1. the insurance contract: a warning that the insurance contract by offer and acceptance between the insurer and the insured. 2. binding contract for Terminal: insurer shall pay the insurance amount to the beneficiary if the insured risk in Exchange for a commitment to pay the premiums to the insurer in a timely manner. 3. a probabilistic: none of the parties to the contract of insurance, whether insured or insured's select benefit obtained in advance which means the probability of receiving the benefit.

4. hold the netting: If the risk insured to receive the sum insured and the insurer gets premium (Takes all of the parties to the contract of insurance corresponding to the given) 5. a compulsory insurance contract: time is an essential element, since the insured is to pay compensation within a specified period and the insured pays premiums for a specific time period. 6. contract compliance: insurance company is the strong party dictate to the insured.