Three major elements of legal relationship in travel insurance contracts

Legal analysis: The travel insurance contract contains three major elements, including subject, object, and content. The specific explanation is as follows:

Subject: including the insurer, the insured, the insured and the Beneficiary

Object: refers to the insurance subject matter, including property and related interests, human life and body.

Content: It is the specific terms of the contract, including the names and addresses of both parties to the contract, insurance subject matter, premium, insurance amount, insurance period, insurance liability and exemption clauses, liability for breach of contract, and methods of resolving disputes.

Legal basis: Article 502 of the "People's Republic of China and Civil Code" A contract established in accordance with the law shall take effect from the time of its establishment, unless otherwise provided by law or otherwise agreed by the parties.

In accordance with the provisions of laws and administrative regulations, if the contract should be approved and other procedures should be followed, the provisions shall be followed. If the failure to go through approval and other procedures affects the effectiveness of the contract, it will not affect the effectiveness of the contract's obligations such as reporting for approval and the effectiveness of related clauses. If the party that should go through the application approval and other procedures fails to perform its obligations, the other party may request that it bear liability for violating such obligations.

In accordance with the provisions of laws and administrative regulations, if the modification, transfer, termination, etc. of a contract require approval and other procedures, the provisions of the preceding paragraph shall apply.