Discussing the Establishment,Validation and Beginning of an Insurance Contract

Insurance contract will be formally established after the policy is issued by the insurer.And the contract will become valid after the insured pays premium.When the contract meets all the legal elements,it will take effect.But contracting parties can attach additional conditions to the contract.Once all the conditions are met,the contract will come into force.The time that the insurer begins to assume contract responsibilities should be the time both parties agree on.The commencement of cover decided by the insurer unilaterally in the policy should be calculated up to the time premium is paid.