Aleatory Insurance Contract
This is a form of the insurance agreement. According to it, the insurer is only responsible for payout to the insured based on an uncertain event, that is out of control by the insured party. That way this…
Read more »Conditional Insurance Contract definition
A conditional insurance contract is an agreement between the insurer and the insured party based on specific terms and conditions. In the implementation of this agreement, conditions are to be met. According to this contract, the insurer provides…
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