General InsuranceSeen in 32 questions
Consideration
Something of value each party gives the other. The applicant's consideration is premium plus truthful statements; the insurer's consideration is the promise to pay benefits.
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Practice This Concept
- General InsuranceIn an insurance contract, the insured's consideration consists of:
- General InsuranceIn an insurance contract, the insured's consideration consists of:
- General InsuranceIn an insurance contract, the insurer's consideration is:
- General InsuranceIn an accident and health insurance contract, the insured's consideration is the premiu…
- Life InsuranceIn a life insurance policy, the "consideration" that makes the contract enforceable con…
- Life InsuranceIn a life insurance contract, the consideration given by the policyowner consists of:
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