Insurance assumes that the insured (the insurance company) plays the role of a mediator to organize cooperation among the insured for risks to which they are exposed (1) . The multiplicity of the insured is necessary so as not to become a kind of insurance gambling or betting or illegal speculation, which take place between two people convey whereby one danger to another . But insurance is a collective process assumes cooperation between the insured to disperse risk among themselves, in a manner not bear the impact of the person who has been his alone.
(1) The first paragraph of Article (1026) of the Code of Civil Transactions Emirati as "1 - insurance holding cooperate when the insured and the insurer to hazards or accidents insured them and under pay the insured to the insurer a fixed amount or installments periodically, in case if the risk or the occurrence of the event described in the contract pays the insurer to the insured or the beneficiary, who spoke on condition of insurance in favor of a sum of money or income or salary or any other financial right."
التسميات
insurance contract