Life assurance. General/property insurance. LIFE ASSURANCE. Inlife policy, the death of the insured person is bound to take place and only the time of occurrence is unknown.it can therefore be defined as a contract between the insurer and the insured Read More …
Category: Commerce
Principles of Insurance
These are rules and conditions that both the insurer and the insured must accept and strictly uphold specifically stated rules and conditions for the insurance contract to operate smoothly. 1.Contract uberima fides. This principle is known as ‘’utmost good faith’’. Read More …