insurace contract

Questão	Responda
Characteristics for the insurance contract	competent parties legal purpose offer and acceptance(agreement) consideration
offer and acceptance	the contact involves two parties who make an offer and one who accepts it also called an agreement
consideration	consideration the insured gives is the premium payment
contract of indemnity	principal of indemnity states that when a loss occurs an individual should be restored to approximate financial condition he was in before the loss
personal contract	an insurance contract does not insure property it insures the person who owns the property
aleatory	an insurance contract is aleatory which mean it is contingent on an uncertain event (a loss) that provides for unequal transfer of value between two parties
Adhesion	means that one part has greater power over the other party In drafting the contract
Doctrine of reasonable expectations	states that the policy includes coverages that an average person would reasonably expect it to include regardless of what the policy actually provides
Unilateral	one sided
utmost good faith	the insurance contact relies on the truthfulness and integrity of the applicant when issuing the policy
Policy Structure (DICE)	Declarations Insuring Agreement Conditions Exclusions
Declarations	Who is insured
Insuring Agreement	What is covered and what isn't
Conditions	Rules
Exclusions	what isnt covered

Resumo de Recurso

	Criado por auktobherrhianne quase 9 anos atrás