2006•Journal of Hunan Metallurgical Professional Technology CollegeRequires access

On First Delivery of Insurance Premium Before Occurring a Life Insurance Contact

Jiang Xiaohua

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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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What this paper is about

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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Available 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.

Key concepts: Insurance policy, Insurance premium, Auto insurance risk selection, Safeguard, Obligation, Business, Actuarial science, Life insurance

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