INSURANCE CONTRACT
INSURANCE CONTRACT Written by Rashmi Singh An Insurance Contract is a document representing the agreement between an insurance company and the insured. An Insurance Contract is based on an insurance agreement; it specifies the risks that are covered, the limits of the policies and other terms of policy. An insurance contract specifies- Conditions– these include the requirements of the insured such as paying the premium or reporting a loss; Limitations– it specifies the limits of the policy, such …