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An aleatory contract is a contract where an uncertain event determines the parties' rights and obligations. [ 1 ] [ 2 ] For example, gambling, wagering, or betting typically use aleatory contracts. Additionally, another very common type of aleatory contract is an insurance policy.
Since insurance policies are standard forms, they feature boilerplate language which is similar across a wide variety of different types of insurance policies. [1] The insurance policy is generally an integrated contract, meaning that it includes all forms associated with the agreement between the insured and insurer. [2]: 10 In some cases ...
But like physicals and budgeting, an annual review of insurance policies can save a lot of grief and money. Try This: 3 Things You Must Do When Your Savings Reach $50,000 Read More: 5 Unnecessary ...
Insurance regulatory law is the body of statutory law, administrative regulations and jurisprudence that governs and regulates the insurance industry and those engaged in the business of insurance. Insurance regulatory law is primarily enforced through regulations, rules and directives by state insurance departments as authorized and directed ...
But even Canton, and a handful of other insurance agents WalletPop spoke with, know that not all insurance policies are created equally. Here are seven policies they say aren't worth the money:
Astaire's $150,000 insurance coverage wasn't much compared to Grable's cool $1 million policy. These days celebrity insurance regularly covers much more than that.
The indictment charged the defendants with two counts of antitrust violations: (1) conspiracy under Section 1 of the Sherman Act to fix the premium rates on certain fire insurance policies and boycott non-complying independent sales agencies that did not comply; and (2) monopolization of markets for the sale of fire insurance policies in the ...
To be considered a non-smoker for life insurance, you’ll typically need to be nicotine-free for at least a year. If you already have a life insurance policy and you’ve quit smoking, you can ...