294,113 views
25 votes
25 votes
How does the policy define the meaning of insurance​

User Monica Acha
by
2.8k points

1 Answer

25 votes
25 votes

Step-by-step explanation:

the insurance policy is a contract (generally a standard form contract) between the insurer and the policyholder, which determines the claims which the insurer is legally required to pay.

User Rokibul Hasan
by
2.4k points