On First Delivery of Insurance Premium Before Occurring a Life Insurance Contact
Jiang Xiaohua
Abstract
Jiang Xiaohua
Abstract
It is a contract obligation for a policy-holder to deliver insurance premium after both sides entering into a life insurance contract. While in practice ,after a policy-holder deliver priority advance insurance premium, before an insurance contract comes into being, safeguard vacuum arises. This paper first analyze insurance theories and legislations and actual practices in our country ,then gathers and discusses corresponding theories,legislations and actual practices both internal and abroad. It brings forward to establish the legal system of insurance contact in our country to provide a better protect of the advantage of a policy and an insurer.
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It is a contract obligation for a policy-holder to deliver insurance premium after both sides entering into a life insurance contract. While in practice ,after a policy-holder deliver priority advance insurance premium, before an insurance contract comes into being, safeguard vacuum arises. This paper first analyze insurance theories and legislations and actual practices in our country ,then gathers and discusses corresponding theories,legislations and actual practices both internal and abroad. It brings forward to establish the legal system of insurance contact in our country to provide a better protect of the advantage of a policy and an insurer.
Key concepts: Insurance policy, Insurance premium, Auto insurance risk selection, Safeguard, Obligation, Business, Actuarial science, Life insurance