Legal Contract

Written by  //  June 22, 2011  //  Insurance Glossary: E-M, Insurance Terms  //  Comments Off on Legal Contract

This is a binding agreement between two or more parties, which outlines the terms and conditions of the agreement, and is enforceable in a court of law. An insurance policy is a legal contract and sets out the specific details of the premiums, benefits, terms, conditions and limits of coverage.

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