The article explores the functions of insurance contracts and their importance in regulating insurance relationships. It categorizes these functions into general, special, and specific additional functions. General functions include regulation, guarantee, and security aspects common to civil contracts. Special functions are unique to insurance contracts due to their economic nature. Specific functions vary based on the type of insurance contract, such as personal, property, liability, and risk insurance. These functions highlight the crucial role of insurance contracts in managing civil relations within the insurance industry.