Insurance policy
Insurance policy is a kind of evidence bond issued by the insurer to certify the contents of the insurance contract after the insurance contract is established. Indemnity securities, interest-bearing securities, and unsecured securities. According to Article 640 of the Commercial Act, when an insurance contract is concluded, the insurer must prepare insurance policy without delay and issue it to the policyholder. However, it is said that this is not the case when the policyholder does not pay the entire premium or the initial premium. In addition, if an existing insurance contract is extended or changed, the insurer may substitute the issuance of the insurance policy by writing the fact in the insurance policy.