The legal forms of Conventional Insurance

The legal forms of Conventional Insurance What are the legal forms of Conventional Insurance? From historical background of conventional companies, we find that three predominant legal forms have been used as follows: Association of Individuals (Lloyds); Stock companies; and; Mutual associations. A Lloyds Association is an organisation of individuals joined […]

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Insurance for covering risk

Insurance for covering risk What are the requisites of insurance for covering risk Requisites of insurance may be summarized as follows: 1) Insurance must be effected by means of a legal contract and must meet the general requirements of contract as follows: a) It must be made by parties with […]

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