Which of the following is NOT one of the four elements required for an enforceable insurance contract?

An enforceable insurance contract must include four essential elements: agreement, capacity to contract, consideration, and legality. While indemnification is a crucial concept within insurance policies—referring to the compensation for loss or damage—it is not one of the foundational elements necessary for the formation of a legal contract itself.

Agreement refers to the mutual assent between the insurer and the insured, typically evidenced through an offer and acceptance. Capacity to contract ensures that both parties have the legal ability to enter into a contract—meaning they are of a certain age, sound mind, and not under duress. Consideration involves something of value exchanged between the parties, often the premium paid by the insured in exchange for the insurance coverage provided by the insurer.

Therefore, while indemnification is an important principle in insurance, it is not a foundational requirement for the contract's validity. Hence, this makes it the correct choice for the element that is not required for an enforceable insurance contract.