Contract law in general an insurance contract must meet four conditions in order to be legally valid it must be for a legal purpose the parties must have a legal capacity to contract there must be evidence of a meeting of minds between the insurer and the insured and there must be a payment or consideration. General law of contracts a contract is an agreement enforceable by law it is the means by which one or more parties bind themselves to certain promises with a life insurance contract the insurer binds itself to pay a certain sum upon the death of the insured in exchange the policyowner pays premiums. It is widely regarded as the premier source on insurance contract law providing you with an exhaustive guide to insurance contract law this book includes o coverage of all non marine insurance contracts from proposal to expiry stage o detailed notes that you can cite in court o full coverage of the uk plus other major common law . The law of insurance contracts is widely regarded as the book uk practitioners turn to for detailed authoritative solutions the book covers all non marine insurance contracts from proposal to
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