When the insured has implemented its commitment to the dangers of the insured that the insured risk will come of it - During the agreed period, or a reasonable time - Become insured committed to pay the amount of insurance or the amount of compensation of the right holder (creditor).
Can be defined as the amount of insurance, which is replaced commitment believer that "is the amount of money (estimated or subject to Respect (*) committed believer paid to the insured (or whoever replaces him (**) in fulfillment of its commitment By endurance liability if the risk insured him".
(*) The words "estimated or capable of estimating" intentionally to signify that the insurer's commitment may be in the form of payment of the estimated amount of insurance in the insurance contract or be in the form of compensation is estimated as much as the damage caused if the risk insured him.
(**) The words "or whoever replaces him," to signify that the creditor pay the amount of insurance or compensation may be insured or his successor public, private or a person designated beneficiary in the insurance contract.
التسميات
effects of insurance