A contract where the insurer, against the payment of one or several fees (fixed or variable) by the insurance beneficiary, commits himself to pay a certain amount to the latter or to other assigned persons (the beneficiaries, provided that the insurant dies or is alive at the due date of this contract.)
Laatst goedgekeurd of bewerkt door lilian canale - 12 oktober 2008 00:10
It is only a few matters. You may compare with the following if you like: A contract in which the insurer, against payment of one or more premiums (fixed or variable) from the policy holder, commits himself to pay a certain amount to the latter or to other appointed persons (the beneficiaries) under the condition that the insured dies or is alive at the due date of this contract.