What is the primary reason for which policy contracts are considered unenforceable?

Policy contracts are primarily considered unenforceable when their purpose is illegal. This is due to the legal principle that contracts must have a lawful objective to be binding and valid. If a contract's subject matter violates laws or public policy, it cannot be enforced by either party. For example, a contract for insuring an activity that is illegal would not be upheld in court. In contrast, while misrepresentations, untimely filings, or unpaid premiums can affect the validity or enforceability of a contract, they do not inherently render the contract itself fundamentally unenforceable in the same way that an illegal purpose does. Thus, the focus on the legality of the contract's subject matter is paramount in determining enforceability.