What is necessary for the insurer to honor a conditional contract?

In a conditional insurance contract, the insurer agrees to provide coverage or benefits only when certain conditions or stipulations are met by the insured. This means that the fulfillment of these designated stipulations is essential for the insurer to honor the contract. For instance, in a health insurance policy, the insured might need to submit proof of a medical condition or meet certain health requirements before benefits are paid out. The insurer is bound to honor their obligations once these conditions are satisfied, reflecting the nature of conditional contracts where obligations are contingent on specific actions or circumstances.

While other aspects such as agreement on terms, receipt of premium payments, or written agreements are important for the overall validity and execution of contracts, they do not specifically pertain to the conditional nature that triggers the obligations of the insurer when provided conditions are met.