IPT03790 - Overview and the law: how to determine whether there is a contract of insurance: discretionary trusts
A person (such as an employer) pays money into a trust fund. »Ê¹ÚÌåÓýapp trustees consider the payment of claims if certain events arise. »Ê¹ÚÌåÓýappre is no obligation to pay a claim, and there is thus no contract of insurance.