If the premium is replaced Insured commitment in the face of the insured. The amount of insurance is to replace the commitment insured, which must be performed to the beneficiary when the insured risk of him who holds followed under the insurance contract. And meet the obligations in this contract highlights his property as a binding contract for both sides. For example, in life insurance for the event of death, if the insured died the insured must meet the amount of insurance to the designated beneficiary in the insurance contract (the heir or others), and if burned thing insured (a house or a car or goods ... Etc.), the insured is worth the amount of insurance does not appoint another person as the beneficiary of
This insurance, as well as if the car intervened insured against car accidents in the incident, committed believer to fulfill the amount of insurance (compensation) to the injured.
And can be defined as the amount of insurance that "is the fees paid by the insured to the beneficiary, under a contract of insurance, when the insured risk of him."
In light of this definition it is clear that the commitment of the insured in the insurance contract is a financial commitment must performance to the beneficiary (the insured or stipulated insurance for him) when if the risk insured him [Article (747) civilian ([1])], even in the case that undertakes insured re insured thing to its prior state if the risk insured him, And pledged re case or repair carried out by the insurer or through others who paid for the amount of money . Therefore the insurer's obligation in all cases a financial commitment .
([1]) Article (747) Civil law that "insurance contract shall insured thereunder lead to the insured or to the beneficiary, who spoke on condition insurance sum of money or income salary or any other financial compensation in the event of an accident or if the risk specified contract and in peer-premium or any other financial payment performed by the insured of the insured."
التسميات
Insurance