THE LEGAL CHARACTERIZATION OF THE INSURANCE CONTRACT

Abstract

Human feeling of security is one of the basic needs, so the idea of insurance is already perceived in ancient times. Nowadays the importance of insurance increases, because it is an essential part of national economy, as well as one of the modern society level determinants, because it even provides compulsory insurance to protect important interests. Insurance creates a sense of security in the increasing number of spheres of life, which continues to expand, providing more and more new insurance objects. This work provides insight into history of the idea of insurance contract and summarizes different ideas and problems about the insurance contract and its types.