Discuss (d) binder

The nature: the insurance as a contract of utmost good faith (uberrimae fidei) — the parties' candour duty exceeding the ordinary contract's (the misrepresentation-and-nondisclosure's special remedies — Unit 4's repudiation face); the indemnity's character (the non-life's loss- compensation principle — the profit's bar; the life's exception: the benefit's payment); the aleatory structure (the performance's contingency); the personal faces (the insured's risk- relevance); the adhesion face (the standard-form policy — the consumer's protection question: the unfair-terms discipline of Unit 4.1). The classification (the contract's faces): (i) the life vs the non-life (the benefit-indemnity divide — Unit 1.2); (ii) the valued vs the unvalued policies (the value's pre-agreement vs the loss's post-assessment); (iii) the first-party vs the third-party (the own-loss vs the liability); (iv) the specific vs the blanket (the named-subjects vs the category- cover); (v) the individual vs the group (the single vs the collective policy); (vi) the original vs the reinsurance (the risk's layers).