UAE Civil Transactions Law

Article 964

Book Two: Nominate Contracts · Section Four: Aleatory Contracts · Chapter Three: Insurance Contract · Part Two: Effects of the Insurance Contract · Second: Obligations of the Insurer

The insurer is obligated to pay the compensation or the amount due to the insured or the beneficiary in the manner agreed, upon the occurrence of the risk or upon the maturity of the term specified in the contract.

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