Question

Written contract between the insured and the insurer is known as ​

Answer 1

Answer:

n insurance, the insurance policy is a contract (generally a standard form contract) between the insurer and the insured, known as the policyholder, which determines the claims which the insurer is legally required to pay.

Answer 2

Answer:

Written contract between the insured and the insurer is known as ​an Insurance policy.

Explanation:

• An Insurance policy is a legalized agreement among the insurance company (the insurer) and the person(s), business, or entity being insured (the insured).

• The insurance company is normally an incorporated agreement, that means that it consists of all bureaucracy related to the settlement among the insured and insurer.

• Insurance coverage is a Unilateral Contract — a agreement wherein simplest one birthday birthday celebration makes an enforceable promise. Most coverage regulations are unilateral contracts in that simplest the insurer makes a legally enforceable promise to pay protected claims. By contrast, the insured makes few, if any, enforceable guarantees to the insurer.

Thus the answer will be insurance company.

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