ABSTRACT
Inlroducllon The law of insurance is found principally olt common Iaw and equity and in some statutes mentioned in the text.
Insusance is mE'rely another branch of contract. In this case, the contrect is between the Insured who pays a p rem ium to an Insurer in retu rn for a sum of money or some other compensating acticn, such as rep lacing an artide of property if a certai n specified event occurs, e.g. death,. iIIness, having hold jud gm ent awarded against the insured in a civil action,. O f the 1055 of p rope rty th rough theft or destru ction (see Figu re 11.1).
