Elements of Insurance Policy Forms

Insurers do issue policies with regard to all types of insurance contracts. A policy as such is not the contract in itself, it is simply an evidence to the contract which already exists.

Seven Primary Functions of Insurance

Seven Primary Functions of Insurance

The main function of insurance is to provides certainty of payment at the uncertainty of loss as it spreads the risk over a number of persons who are insured against the risk.


Various Clauses of Insurance Contract

There are various clauses which are suitably inserted according to the nature and type of policies; hull, cargo and freight policies have different standard clauses.