Alabama Life and Health Insurance

a predetermined limit. - ANSWER-Insurance is a method risk is transferred to an insurer for consideration up to 1. spouses in each other 2. parents in their children 3. creditors in their debtors - ANSWER-Which of the following would be considered proper establishment of insurable interest in the life insurance area? It is called the mortality rate - ANSWER-Which of the following statements about the average number of people who die each year is true? Equal value is not necessarily given by both parties to the contract - ANSWER-An insurance contract is an aleatory contract. This means: Only the insurance company is bound to live up to its side of the agreement - ANSWER-A life insurance policy is a unilateral contract because: 1. Legal purpose 2. Offer and acceptance 3. Consideratio