Page 3 - Life Assurance
P. 3
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Preface
Insurance is affected by legal agreements
known as contracts or policies.
A contract cannot be completed in itself, but
must be interpreted in light of the legal and
social circumstances of the society in which it is
made.
This chapter is concerned with the specific
legal doctrines (rules) that judge the insurance
contract:
- Principle of indemnity
- Principle of insurable interest
- Principle of subrogation
- Principle of utmost good faith
44 Life31/life/life 08
Preface
Insurance is affected by legal agreements
known as contracts or policies.
A contract cannot be completed in itself, but
must be interpreted in light of the legal and
social circumstances of the society in which it is
made.
This chapter is concerned with the specific
legal doctrines (rules) that judge the insurance
contract:
- Principle of indemnity
- Principle of insurable interest
- Principle of subrogation
- Principle of utmost good faith
44 Life31/life/life 08
