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Insurance Contract |
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The insurance contract is a contract where the insurer will pay to the insured if certain events occurs. Insurance contract are managed by the principles of utmost good faith. In this the parties should deal in good faith and communicates on the assurance of the duty that is to be disclosed on the matter that relates to all the risks etc. Insurance contracts are designed to meet particular needs of the insurance and thus have many features which are not found other types of contracts. An Insurance contract determines the legal support under which the features of an insurance policy are enforced. |
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