Stipulation for the benefit of others in the life insurance contract.

A life insurance contract is a contract concluded between the insurer and the insured, whereby the insured is obligated to pay compensation to the insured or the beneficiary in the form of the money stipulated in the insurance contract, and the insured is also obligated to pay him a single installment in return for the insurance. The risk or combination of risks stipulated in the contract is realized. The stipulation for the benefit of others is a legal act in which a person called the stipulation requires another person called the obligor or obligator to perform a specific performance for the benefit of a third person called the beneficiary ... One of its most important applications is life insurance in which a person requires the insurance company to pay his heirs or others the value of the contract ... and the insurance contract for everyone who will own the insured thing .... This study comes to research the issue of stipulating in the interest of others in a life insurance contract. This is because life insurance often seeks to insure for the benefit of a third party who is the beneficiary.