Then we can draw conclusions regarding the essential element of an insurance, which is as follows:
1 Insurance is an agreement
2 It is a condition in an agreement which is called premium
3 replacement will be given to the insured by the insurer
4 There is a possibility that the event is uncertain or indefinite can occur
Therefore, the essential element of an insurance requirement also requires that followed. There are 4 terms as follows:
1 There is an agreement for each party to be bound
2 It has the capacity to make a provision of engagement
3 It has a certain thing
4 Because of the uncertain event shall be lawful
1 Insurance is an agreement
2 It is a condition in an agreement which is called premium
3 replacement will be given to the insured by the insurer
4 There is a possibility that the event is uncertain or indefinite can occur
Therefore, the essential element of an insurance requirement also requires that followed. There are 4 terms as follows:
1 There is an agreement for each party to be bound
2 It has the capacity to make a provision of engagement
3 It has a certain thing
4 Because of the uncertain event shall be lawful
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