0 votes
in Revision by

What are conditions that insurance contract must meet in order to be legally valid?

1 Answer

0 votes
by (82.6k points)

Conditions that insurance contract must meet in order to be legally valid are;

  • When it is for a legal purpose
  • If the term and conditions are accepted by both the insured and insurer
  • Incase there is a payment and a consideration
  • Where the parties have legal capacity to contract

Related questions

Welcome to Kenyayote Q&A, where you can ask questions and receive answers from Kenyayote staff and other members of the community.

Before you ask, search the website to make sure your question has not been answered.
If you are ready to ask, provide a title about your question and a detailed description of your problem.
...