Since the relationship between the insurer and the insured is contractual in nature,the parties must fulfill all elements of:

Question

Quizplus · Accepted Answer

Regardless of the type of insurance involved,the insurance relationship is contractual involving at least two interested parties.In view of the contractual nature of the insurance relationship,insurance policies must satisfy all of the elements required for a binding contract.

Since the Relationship Between the Insurer and the Insured Is