THE INTERESTS THAT CAN BE INSURED
Broadly it can be said that a person who has the right means to have an interest, namely the interest of the implementation of the rights it which also means fulfillment of obligations charged to the other party.
The principle of "interests that may be insured" is the basis of the structure of insurance. The terms of this law shows the difference between the insurance business with bets on horse races.
The notion of "interest can be insured" in property insurance are very different from the sense in life insurance.
In life insurance, the benefit that can be not only insure the interests depends on its own but also (in fact almost always) the benefit of a third person. Article 264 of the book law of Commerce determines that insurance can be held not only for themselves but also for the benefit of a third person.
Article 267 of the book law of Commerce says if the policy is not mentioned that insurance is held for the benefit of a third person, then insurance is held for the benefit of a third person, then the insurance should be considered held by the insured for himself. Article 250 argued if the insured holds insurance for himself and then proved he was not concerned over the stuff in the responsibility, then the insurer is not obliged to pay damages.
What was the significance that can be Insured that
In insurance of property, interest can be insure is something financial interests based on something legitimate rights for the maintenance of the treasure. There must be a possibility of financial losses incurred if something losses. If it cannot cause a financial loss, then there are interests that could not be insure it.
In the interests of life insurance can insure the alleged loss is a sensible financial arising because of the death of the person who is her soul in insure.
Why is necessary to the existence of an interest which can be Insured
A basic principle of the law is no contract that can be exercised if contrary to the discretion of the State. What is in accordance with the discretion of the State and hence is legal, vary from time to time and from a place to another place. (Valid in this case can be defined as "in accordance with the will and the consideration of the Court which has jurisdiction").
In insurance of property, the law requires the existence of an interest that can be insure, so the insurance policy that is not a gambling tool or a tool in the hands of those who seek profit by intentionally destroying property path of others. Bob Bray does not have interests that can be insured in a house belonging to the Dorfman Mark. If Bob is allowed to charge a fire policy over House mark, then the contract will be the betting contract and not a contract of insurance. Anyway, Bob may also realize that the premium paid for the policy if in measure with the possibility of the damage the fire gives a bad bet for him. Therefore, he may be tempted to pay home Mark to save stakes. If there is no interest which can be insured, then such property insurance policies contrary to the wisdom of the State, and therefore should not be implemented.
In life insurance the law requires that the buyer of insurance over the soul of a another interest which can be insured upon that person's life in the 19th century, in the United Kingdom purchased insurance policies known as the contracts betting. Sometimes purchase it without permission from the person whose name is listed in the insurance policy it is.
If such a policy was purchased by a seasoned killer London (for example
Mack Si Machete), then the person that his death to determine the due
date of such policy, would be raring to run emigrated to America. Therefore, in the 19th century an act blamed on the United Kingdom to the effect that the life insurance contracts is contrary to the wisdom of the State if the buyer did not have the benefit of insurance over the life of people whose names are listed in the policy that. This has been the rule of law in the United States.
