2.2.1 Aleatory
Aleatory contracts are unequal contingencies on the potential for profit or loss upon both parties in the insurance contract. The dollar values exchanged may not be equal.
In aleatory contracts there is an element of chance for both parties. The dollar given by the policyholder (premiums) and the insurer (benefits) may not be equal.
The opposite of Aleatory is Commutative, which means the dollar values ARE equal, such as a real estate contract wherein both parties agree to the same property and the same sum.
