What are the types of insurance contract clauses and what are the basic clauses of insurance contrac

This is a lot of people who want to buy insurance want to understand the problem, what we need to understand is that the terms of the insurance contract are the content of the insurance contract, they are the contract terms that stipulate the scope of insurance liability, determine the rights and obligations of the parties to the contract and other related matters, according to different classification standards, the terms of the insurance contract can have different classifications, let's take a specific look at it.

According to the basis of validity, it is divided into statutory clauses and agreed clauses.

Legal clauses refer to the clauses that must be clearly stipulated by law, and statutory clauses constitute the basic content of insurance contracts.

Covenant terms usually include three types of clauses: (1) association clauses, (2) warranty clauses, and (3) additional clauses. If you don't know how to configure insurance, you can check out this articleHow to buy insurance? These routines must be avoided

The basic clauses, also known as the ordinary clauses, are the basic matters concerning the rights and obligations of both parties stipulated by the insurer on the insurance policy prepared or printed in advance according to different types of insurance, and it constitutes the basic content of the insurance contract.

The basic clauses are inherent and necessary clauses of a type of insurance contract, which in turn constitute the fundamental basis for distinguishing different types of insurance contracts.

Its purpose is to: first, expand the flexibility of the basic provisions to meet the specific needs of policyholders; Second, change the content of the original provisions of the insurance policy, such as expanding the insured risk liability and increasing the subject matter of insurance.

Additional clauses are usually printed in a certain format by the insurer in advance, and are filled out and affixed to the insurance policy after being specially agreed between the insurer and the policyholder.

The insurance contract shall include the following matters:

1) the name and domicile of the insurer;

2) The name and address of the policyholder and the insured, as well as the name and address of the beneficiary of the life insurance;

3) the subject matter of insurance;

4) Insurance liability and liability exemption;

5) the insurance period and the time when the insurance liability begins;

6) the amount of insurance;

7) Insurance premiums and payment methods;

8) Methods of compensation or payment of insurance money;

9) Liability for breach of contract and dispute resolution;

10) The year, month and day on which the contract was concluded.

The policyholder and the insurer may agree on other matters related to insurance.

The beneficiary refers to the person designated by the insured or the policyholder in the life insurance contract to have the right to claim the insurance money. The policyholder and the insured can be the beneficiary.

The insured amount refers to the maximum amount of the insurer's liability to compensate or pay the insurance money.

The basic terms of an insurance contract can be grouped into the following seven categories:

1.Subject matter of insurance.

The subject matter of the insurance contract refers to the insured object specified in the insurance contract or the object of insurance protection.

2.Sum insured.

The insured amount is the actual amount of insurance for the subject matter of the insurance, and it is also the basis for the insurer to calculate the insurance premium and the maximum amount of compensation or insurance payment that the insurer is responsible for.

3.Insurance.

Insurance premium refers to the price paid by the policyholder or the insured to the insurer for the right to receive compensation or payment in accordance with the provisions of the insurance contract. The insurance premium is generally charged according to the insured amount and the insurance rate.

or a fixed amount. The payment of insurance premiums is the basic obligation of the policyholder or the insured, and is an important condition for the insurance contract to take effect.

4.Insurance Liability.

Insurance liability is the risk item borne by the insurer: it stipulates the scope of the insurer's liability for economic compensation or insurance payment to the insured, and the scope of liability of the insurer includes basic liability and special liability.

5.Exclusions.

Exclusion refers to an insurance policy.

Stipulates the extent to which the insurer is not liable to indemnify or pay insurance money.

6.Duration of insurance.

The insurance period refers to the validity period of the insurance contract, which is the starting and ending time for the parties to the insurance contract to enjoy their rights and perform their obligations.

7.Insurance indemnity.

Insurance compensation means that the insurer provides economic compensation to the insured for the losses caused by the occurrence of the insured accident.

or the act of paying insurance benefits to the insured or beneficiary when an insured event occurs.

In insurance practice, there are many types of insurance contracts, and the terms of insurance contracts are also very complex. However, no matter what kind of insurance contract it is, its basic service clause is determined around the above contents.

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1. The name and address of the policyholder: Specifying the name and address of the policyholder is the premise of signing the insurance contract. Here are a few points:

If the insured is not a person, it shall be specified in the insurance contract, and the insurance policy shall be issued after the insurer has verified the underwriting. In addition to the policyholder, if there is another insured or beneficiary in the insurance contract, it is also necessary to explain; In cargo transportation insurance, there are special agreements: there are two types of cargo transportation insurance contracts: indicative and bearer.

In an indicative contract, in addition to the name of the policyholder, there are:"Other Designees"In an anonymous insurance contract, there is no need to indicate the name of the policyholder, and the third party can be transferred at the same time as the transfer of the subject matter of the insurance.

3. Insurance risk split: It is the risk factor that the insurer bears the liability for loss compensation or insurance payment to the policyholder, and it must also be listed in the contract.

4. Insurance value and insurance amount: insurance value refers to the actual value of the insured object measured in currency at the time of insurance, and the insured amount refers to the insured amount of the insurer on the insured subject or the insured value in the insurance contract, which is the basis for the insurer to calculate the insurance premium and the maximum limit of the liability for compensation or payment.

5. Insurance premiums and insurance rates;

6. Payment of insurance indemnity or insurance money;

7. Insurance period;

8. Liability for breach of contract and dispute settlement: Liability for breach of contract refers to the legal liability that the parties to the insurance contract need to bear due to their fault for failing to fully perform the insurance contract or violating the obligations stipulated in the insurance contract;

9. The rights and obligations of both parties to the insurance contract shall be closed.

Article 18 of the Insurance Law stipulates that the insurance contract shall include the following matters:

1) the name and domicile of the insurer;

2) The name and address of the policyholder and the insured, as well as the name and address of the beneficiary of the life insurance;

3) the subject matter of insurance;

4) Insurance liability and liability exemption;

5) the insurance period and the time when the insurance liability begins;

6) the amount of insurance;

7) Insurance premiums and payment methods;

8) Methods of compensation or payment of insurance money;

9) Liability for breach of contract and dispute resolution;

10) The year, month and day on which the contract was concluded.

1.The surname or name of the subject of the insurance contract, the address, etc., and the subject of the insurance contract includes the vertical imitation of the policyholder, the insurer, the insured and the beneficiary, etc.; 2.the subject matter of insurance, the property and its related interests or the life span and body of the person as the subject of insurance; 3.

Insurance liability and exemption from liability set forth the liability of the insurer for economic compensation or payment of insurance money when the insured subject matter is insured in the event of an agreed insured event.