Contract of Personal Accident and Health Insurance - Free Download
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CONTRACT OF PERSONAL ACCIDENT AND HEALTH INSURANCE 9
THE CONTRACT OF PERSONAL ACCIDENT AND
HEALTH INSURANCE
BY
STEW.~RT ~. ~A MONT
I. THE EVOLUTION OF THE CONTRACT
Accident and health insurance in practice comprises two sepa-
rate forms of insurance and hence there are two separate con-
tracts, (a) the accident contract, which insures against the effects
of injuries caused by all or certain specified accidents, and (b)
the health contract which insures against the effects of all or
certain specified diseases or sicknesses. These may be issued as
separate and independent contracts and often are. In fact,
policies of accident insurance only are issued far more commonly
than are policies of either health insurance or accident and health
insurance combined. Formerly health policies were issued as
independent contracts rather freely, but of late years health insur-
ance is not generally granted except in combination with accident
insurance.
In common practice, therefore, we find the accident policy and
the accident and health policy--the latter being formed by merely
inserting in the accident policy the additional clauses necessary
to express the benefits payable on account of sickness from
disease, thus practically incorporating two contracts in a single
document.
The study of these two contracts is best approached with some
knowledge of the history and development, or perhaps we may
say the evolution, of policy drafting.
Formative Stage o] the Accident Policy
In this country, accident insurance antedated health insurance
by many years, so far as active prosecution as a commercial busi-
