This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
COVER: LOSS AND PROOF OF LOSS
16-1 THE NATURE OF COVER AND LOSS
In certain circumstances, sometimes called the insured event and defined by the insurance contract, the insurer promises to pay money (or benefit in kind) to the insured. In terms of the general law of contract the existence of the stated circumstances is a condition precedent to performance of the insurer’s promise, and the promise itself is a conditional promise. 1 In terms of insurance contract law the insurer’s promise is cover. In the stated circumstances there are usually at least three elements.
The rest of this document is only available to i-law.com online
If you are already a subscriber, please enter your details below to log in.