A contract of insurance is a contract whereby one party the insurer undertakes to indemnify the other party the insured against losses or damages incurred by the insured in respect of a particular subject matter
- Advertisement -
The insurance contract in Moroccan law is regulated by the Commercial Code and by the Insurance Contract Law The Commercial Code provides a general framework for contracts in general while the Insurance Contract Law specifically governs insurance contracts
A contract of insurance is a contract whereby one party the insurer agrees to indemnify the other party the insured against certain risks The risks may be damage to property financial loss or bodily injury
According to Moroccan law an insurance contract is a contract by which one party the insurer undertakes to indemnify another party the insured against loss or damage arising from a specific event
A contract of insurance is a contract whereby one party the insurer undertakes in return for a premium to indemnify the other party the insured against any loss or damage which may be suffered by him in respect of a specified subject matter
The insurance contract in Moroccan law is governed by the provisions of Book IV of the Commercial Code It is a contract whereby one party the insurer undertakes to indemnify another party the insured against any loss or damage that may be suffered by the latter in respect of a particular subject matter
A contract of insurance is a contract whereby one undertakes to indemnify another against loss or damage in consideration of a premium
An insurance contract is a contract whereby the insurer undertakes to indemnify the insured in respect of losses or damages arising out of certain risks in consideration of a premium paid by the insured The essential elements of an insurance contract are: – The parties to the contract (the insurer and the insured) – The subject matter or risk insured against – The consideration (the premium paid by the insured) – The period for which cover is provided – The territorial scope of the contract
A contract of insurance is a contract whereby one party the insurer agrees to indemnify the other party the insured against a specified loss or damage in return for a premium
The insurance contract in Moroccan law is governed by the provisions of Book IV of the Commercial Code (“CC”) The CC contains specific rules in relation to insurance contracts which are supplemented by case law
