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Excerpt from The General Principles of the Law of Insurance The promisor is called the underwriter, or insurer; the promisee, the insured or assured; the written instrument embodying the contract is known as the policy; and the consideration of the contract is the premium paid by the insured to the insurer. The general principles of the law of contracts apply to the contract of insurance, as they do to other contracts, as regards offer and acceptance, ratification, agency, fraud, etc. The three principal forms of insurance are (1) against loss by the perils of the sea (marine in surance), (2) against loss by fire (fire insurance), (3) against loss of life (life insurance). While there are some important differences between marine, fire and life insurance, yet the general principles of the three have much in common. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

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9781333540678

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