TOPIC 7: INSURANCEInsurance Contract • November 6th, 2019
Contract Type FiledNovember 6th, 2019• A contract of insurance is a contract by which one party (the insurer) in consideration of a sum of money (the premium) undertakes to pay to another person (the insured), a sum of money, or its equivalent on the happening of a specific event (Megarry VC in Medical Defence Union v DoT) – substance over form