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What is Insurance Law and Contract Basics about?

The key laws governing insurance contracts are the Insurance Code, the Civil Code, and general US principles. An insurance contract is an agreement for consideration to indemnify against loss from an unknown event. It must have insurable interest, meaning a party will financially benefit from preservation or suffer loss from destruction of the subject. Insurance contracts are construed strictly against the insurer if terms are ambiguous. They require utmost good faith, are personal and conditional on the in

Author

Anonymous UbeKTjH3UJ

Language

EN