INSURANCE LAW
INSURANCE LAW
INSURANCE LAW marerecover, pero nagbayad pa rin si insured ng premium. Pero kung nasunog ang bahay niya pwede siyang makarecover up to the extent of DEFINITION the loss (not on the premium paid). Kaya hindi pareho yung natatanggap at yung binibigay. - Some considered Insurance Contract as CONTRACT OF INSURANCE - agreement whereby one commutative (benefit or prestation of each party is undertakes for a consideration to indemnify another against loss, equivalent) dahil yung premiums na binabayaran damage or liability arising from an unknown contingent event. ay equivalent to the protection being received.
- But as to the amounts, still aleatory concept because the amount of the premium and claims are
Two Parties:
Two Parties:
not equivalent or certain. INSURER - performs the obligation of assumption - Insurer prepares the contract. Then, the insured of risk. Kung sakaling mangyari yung loss/peril ay adheres only to the already prepared contract. babayaran niya yung insured. - PREMISE: Walang effect sa validity and terms of - Assumption of risk is relevant to payments of the contract. Ang magiging effect lang nito ay kung