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One essential element of insurance is to shift the risk of loss of the insured item from the client to the insurer. Other essential elements include the insurer being open to a significant loss, distributing the risk over a number of policies held by the insurer, and the premium paid by the client to the insurer.
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What are the essential elements of a contract of insurance?
there are four elements of insurance contract... offer,acceptance,consideration...
What elements are essential to life?
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How many elements are essential elements?
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What are essential elements in in DNA and ATP?
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How many elements are essential to life?
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What are the four essential elements of a computer?
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