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The Principle of Indemnity Essentially, this is the part of the contract that matters the most for the insurance policyholder because this is the part of the contract that says she or he has the right to be compensated or, in other words, indemnified for his or her loss.

Insurance is defined as a contract, which is called a policy, in which an individual or organisation receives financial protection and reimbursement of damages from the insurer or the insurance company. At a very basic level, it is some form of protection from any possible financial losses.

A valued contract is an insurance policy in which the insurer is obligated to pay a pre-specified amount to the insured in the event of a loss, regardless of the actual value of the loss. The pre-specified amount for valued contracts is typically the full value of the policy.

The consideration clause insurance specifies the amount of premium payment that should be paid to the insurance company, and when that premium should be paid.

American-Amicable Life is part of the American-Amicable group of companies which also consists of IA American Life Insurance Company, Occidental Life Insurance Company of North Carolina, Pioneer American Insurance Company & Pioneer Security Life Insurance Company.

In law, adequacy of consideration means that for a lawful agreement to be made between two parties, the offeree, also known as the beneficiary, must give in return, a fair price, that is either in equal measure or reasonably proportional to the value given by the offeror, also known as the benefactor.

Insurance plans are beneficial to anyone looking to protect their family, assets/property and themselves from financial risk/losses: Insurance plans will help you pay for medical emergencies, hospitalisation, contraction of any illnesses and treatment, and medical care required in the future.

In an insurance contract, consideration is given by the applicant in exchange for the insurer's promise to pay benefits. It also consists of the application and the initial premium.

American Amicable has an A rating with AM Best. This financial strength rating shows that the carrier has an excellent ability to satisfy its financial obligations, including paying life insurance claims.

Consideration. This is the premium or the future premiums that you have to pay to your insurance company. For insurers, consideration also refers to the money paid out to you should you file an insurance claim. This means that each party to the contract must provide some value to the relationship.

For example, a person who pays auto insurance premiums to an auto insurance company would receive consideration if they experienced a covered loss to their vehicle. Under this consideration, the auto insurer would pay for the losses.

The Principle of Indemnity Essentially, this is the part of the contract that matters the most for the insurance policyholder because this is the part of the contract that says she or he has the right to be compensated or, in other words, indemnified for his or her loss.

Insurance is defined as a contract, which is called a policy, in which an individual or organisation receives financial protection and reimbursement of damages from the insurer or the insurance company. At a very basic level, it is some form of protection from any possible financial losses.

A valued contract is an insurance policy in which the insurer is obligated to pay a pre-specified amount to the insured in the event of a loss, regardless of the actual value of the loss. The pre-specified amount for valued contracts is typically the full value of the policy.

The consideration clause insurance specifies the amount of premium payment that should be paid to the insurance company, and when that premium should be paid.

American-Amicable Life is part of the American-Amicable group of companies which also consists of IA American Life Insurance Company, Occidental Life Insurance Company of North Carolina, Pioneer American Insurance Company & Pioneer Security Life Insurance Company.

In law, adequacy of consideration means that for a lawful agreement to be made between two parties, the offeree, also known as the beneficiary, must give in return, a fair price, that is either in equal measure or reasonably proportional to the value given by the offeror, also known as the benefactor.

Insurance plans are beneficial to anyone looking to protect their family, assets/property and themselves from financial risk/losses: Insurance plans will help you pay for medical emergencies, hospitalisation, contraction of any illnesses and treatment, and medical care required in the future.

In an insurance contract, consideration is given by the applicant in exchange for the insurer's promise to pay benefits. It also consists of the application and the initial premium.

American Amicable has an A rating with AM Best. This financial strength rating shows that the carrier has an excellent ability to satisfy its financial obligations, including paying life insurance claims.

Consideration. This is the premium or the future premiums that you have to pay to your insurance company. For insurers, consideration also refers to the money paid out to you should you file an insurance claim. This means that each party to the contract must provide some value to the relationship.

For example, a person who pays auto insurance premiums to an auto insurance company would receive consideration if they experienced a covered loss to their vehicle. Under this consideration, the auto insurer would pay for the losses.