What are the duties of an insured and insurer?

What will be an ideal response?

The parties to an insurance contract are obligated to perform the duties imposed by the contract. The insured owes the following duties: 1. to pay the premiums stipulated by the policy, 2. to notify the insurer after the occurrence of an insured event within the time period stated in the policy or within a reasonable time, and 3 . to cooperate with the insurer in investigating claims made against the insurer.
The insurer owes two primary duties. First, the insurer owes a duty to defend the insured against any lawsuit or legal proceeding brought against the insured that involves a claim within the coverage of the insurance policy. Second, the insurer owes the duty to pay legitimate claims up to the policy limits. Insurers who wrongfully refuse to perform these duties are liable to the insured or a rightful beneficiary for damages.