Which type of contract specifies a stated amount to be paid in the event of a loss, without regard to actual loss?

A valued contract is specifically designed to outline a predetermined amount that will be paid out in the event of a loss, regardless of the actual financial damage incurred. This type of arrangement provides clarity and assurance for both the insurer and the insured regarding the payout amount at the outset of the policy.

In contrast, other types of contracts serve different functions; for instance, a conditional contract might require the occurrence of certain events or conditions before any payout is made. A contract of adhesion is characterized by standards set solely by one party, leaving the other with little room for negotiation, but it doesn't inherently guarantee a fixed payout. Finally, a reimbursement contract typically involves payment only for the actual loss incurred, rather than a predetermined amount, which distinguishes it from a valued contract's straightforward approach to loss compensation. Thus, the valued contract's nature of guaranteeing a specific sum irrespective of actual losses makes it the correct answer.