We use cookies to improve your website experience. To learn about our use of cookies and how you can manage your cookie settings, please see our Cookie Policy. By continuing to use the website, you consent to our use of cookies. Close


Law of Insurance Contracts

Chapter 16 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 subscribers.

If you are already a subscriber, please enter your details below to log in.

Enter your email address to log in as a user on your corporate account.
Remember me on this computer

Not yet an i-law subscriber?


Request a trial Find out more