The granting of coverage and the terms of the policy are of paramount importance. It is important to understand how the policy is written and structured. It is often necessary and always useful to start with the type of policy near which you are dealing and the risks that the insured has tried to cover. If you only look at the granting of coverage, it is not enough to be able to make the most important decisions. The declaration page, exclusions and any exceptions to exclusions must also be taken into account. Obviously, these offsets are created and structured differently from standard insurance. However, these compensations are generally subject to the normal rules of design and interpretation. If the actual conditions of the policy were set out in the legislation, careful consideration would have to be given to whether a different set of rules would apply to its interpretation. The insurance contract or agreement is a contract in which the insurer undertakes to pay benefits to the insured or on his behalf to a third party if certain defined events occur. Subject to the “principle of fortuitousness”, the event must be uncertain.
Uncertainty can be either when the event will occur (p.B. in a life insurance policy, the time of death of the insured is uncertain) or if it will occur at all (p.B. in fire insurance, whether or not a fire occurs).  Similarly, the statement of a life insurance policy page includes the name of the insured person and the nominal amount of the life insurance policy (p.B $25,000, $50,000, etc.). In addition, Article 30 of the Tax Administration Act9 maintained the insurance and risk management account as a special account to provide insurance or risk management services to participants such as government agencies, ministries and persons or authorities designated by ordinance. The Government has been authorized by this section to enter into insurance or risk management agreements or arrangements with the Participants. Regulations have been approved that designate a person or authority as a participant, respect the conditions under which agreements can be entered into, and respect the payments to be made (in the nature of the premiums). In insurance, the insurance policy is a contract (usually a standard contract) between the insurer and the policyholder that determines the claims that the insurer is legally required to pay. In exchange for an upfront payment called a premium, the insurer promises to pay the losses due to the dangers covered by the wording of the insurance. Declaration – is a term used to subscribe to insurance information that identifies the insurer and the insured, the purpose, the premium or how the premium is determined, the limits of the policy, the duration of the policy and a list of forms that make up the portfolio of contracts.
In some guidelines, hazards are listed in the statement, but in most directives, with the exception of the standard fire directive, hazards are listed in the contract text. .