Common Contracts
1 similar null contracts
InsuranceFebruary 2nd, 2017
Insurance is a type of contingent contract between insurance company and insured party in which insurance company promises to provide financial protection against losses due to specified risk. Functionally it can be defined as a cooperative device under which the risk of loss of one person or organization is distributed to large no. of people who are associated to it. In Nepal, this business is operated under Insurance Act, 2049.
