What is a characteristic of a “conditional” insurance contract?

A characteristic of a "conditional" insurance contract is that both parties must fulfill certain conditions for the contract to be enforceable. This means that the obligations of the insurer to provide coverage and the insured's obligations, such as paying premiums or providing accurate information, are contingent upon certain conditions being met. For instance, in life insurance, the insurer might only pay a claim if the insured meets specific criteria outlined in the policy, such as being within the active coverage period or surviving a specified contestability period. This mutual dependency on conditions is a fundamental aspect of conditional contracts, distinguishing them from other types of contracts where only one party may have responsibilities.