The insurance policy or contract is a contract by which the insurer promises to pay benefits to the insured or, on his behalf, to a third party if certain events occur. Subject to the «Fortuity» principle, the event must be uncertain. The uncertainty may be either when the event will occur (for example. B in life insurance, the date of the insured`s death is uncertain) or whether it will occur (for example. B in fire insurance, whether or not there is a fire). [4] In addition, Section 30 of the Financial Administration Act9 pursued the insurance and risk management account as a special account to provide insurance or risk management services to participants such as public bodies, departments and individuals or authorities designated by the regulation. The government has been authorized by this section to enter into agreements or to enter into agreements with participants on insurance or risk management. Regulations have been authorized to designate a person or authority as a participant, respecting the conditions under which agreements can be concluded and respecting payments (of the type of bonuses). Insurance of agreements is necessary in the event of a dispute over whether a particular injury is covered or not.

Both the insurance company and the policyholder should be able to determine whether damage is covered from the insurance policy. Although the insurance of the agreements is aimed at resolving these problems, differences of opinion remain on the terms of the insurance agreement. This often results in disputes in which each party presents competing interpretations of the insurance agreement. In Hanlon v. ING3, the British Columbia Court of Appeal interpreted a landlord and tenant policy that caused damage to a house in Salmon Arm through a marijuana grow operation. The damage included wet, soaked and burned carpets, the removal of bathroom faucets, replaced by blocks of exterior pipes, holes that were drilled into the walls of the bathroom so that they could pass pipes, lifting and soiled wallpaper, lifting square tiles, mold and what the unfortunate owner of the land described as a «strange smell». This page is usually the first part of an insurance policy. It identifies insured persons, risks or assets covered, insurance limits and the insurance period (i.e. the date the policy is in effect). The insurance policy is generally an integrated contract, that is, it covers all forms related to the agreement between the insured and the insurer.

[2]10 However, in some cases, additional writings, such as letters sent after the final agreement, may make the insurance policy an un integrated contract. [2]:11 An insurance manual states that, as a general rule, «the courts take into account all previous negotiations or agreements …