Insurance of agreements is necessary in the event of a dispute over whether a particular injury is covered or not. Both the insurance company and the policyholder should be able to determine whether damage is covered from the insurance policy. Although the insurance of the agreements is aimed at resolving these problems, differences of opinion remain on the terms of the insurance agreement. This often results in disputes in which each party presents competing interpretations of the insurance agreement. The insurer agrees to pay, on behalf of the insured, all the sums that the insured must pay because of the legal liability imposed on the insured or contractually assumed by the insured in case of property damage caused by an accident or intervention. An insurance contract consists of four basic elements: the contract or insurance contract is a contract by which the insurer promises to pay benefits to the insured or, on his behalf, to third parties if certain events occur. Subject to the “Fortuity” principle, the event must be uncertain. The uncertainty may be either when the event will occur (for example. B in life insurance, the date of the insured`s death is uncertain) or whether it will occur (for example. B in fire insurance, whether or not there is a fire). [4] The insurance policy is a contract (usually a standard form contract) between the insurer and the policyholder, which determines the fees that the insurer must pay legally. In exchange for a first payment, called a premium, the insurer promises to pay for losses caused by watery hazards that fall within the language of insurance. These statutory allowances are very different from normal contractual insurance.
In addition, Section 30 of the Financial Administration Act9 pursued the insurance and risk management account as a special account for the provision of insurance or risk management services to participants such as government agencies, departments and individuals or authorities designated by order-in-council. The government has been authorized by this section to enter into agreements or to enter into agreements with participants on insurance or risk management.
