Exam (elaborations)
Missouri Life and Health Insurance questions with correct answers
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Grade
A+
Uploaded on
09-05-2023
Written in
2022/2023
Insurance transaction includes: ans By mail or other means: - Solicitation - Negotiation - Sale - Advising an individual about coverage Elements of a legal contract ans -Agreement (offer and acceptance) - Consideration - Competent parties - Legal purpose - Negotiation does NOT need to happen Who make the offer in an insurance application ans - Applicant When does acceptance take place ans - An insurers underwriter approves the application and issues a policy The binding force in any contract ans - Consideration - insurer promises to pay in the event of a loss Contract of adhesion ans - Prepared by the insurer and accepted or rejected by the insured - "Take it or leave it" basis
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Institution
Life And Health Insurance
Course
Life and health insurance
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Written for
- Institution
- Life and health insurance
- Course
- Life and health insurance
Document information
- Uploaded on
- May 9, 2023
- Number of pages
- 45
- Written in
- 2022/2023
- Type
- Exam (elaborations)
- Contains
- Questions & answers
Subjects
-
missouri life and health insurance questions with correct answers
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