Common Contracts

1 similar Insurance Contract contracts

TOPIC 7: INSURANCE
Insurance Contract • November 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

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