58However, it is clear from the case-law of the Court that the essentials of an insurance transaction are, as generally understood, that the insurer undertakes, in return for prior payment of a premium, to provide the insured, in the event of materialisation of the risk covered, with the service agreed when the contract was concluded (see, in particular, Case C-8/01 Taksatorringen [2003] ECR I-13711, paragraph 39, and the case-law cited). Furthermore, an insurance transaction necessarily implies the existence of a contractual relationship between the provider of the insurance service and the person whose risks are covered by the insurance, that is to say, the insured party (Skandia, paragraph 41, and Taksatorringen, paragraph 41).
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