The insurance contract is an agreement between the policyholder and the insurancecompany, in which the policyholder pays insurance premiums, and the insurance company paysinsurance benefits to the beneficiary or compensates the insured party in the event of an insuredevent. Insurance contracts play a crucial role in recording and establishing the rights andobligations of the parties involved in the insurance relationship. Currently, the Law onInsurance Business of 2022 has introduced some adjustments regarding this type of contract;however, it has not been fully perfected. Building on this premise, this article focuses onanalyzing and assessing certain limitations and shortcomings in the legal regulations pertainingto insurance contracts based on the Law on Insurance Business 2022. Subsequently, it presentsrecommendations for improvement.
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Tran et al. (2024) studied this question.
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