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Missouri Life and Health Insurance Questions and Answers 100% Solved

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Missouri Life and Health Insurance Questions and Answers 100% Solved Insurance transaction includes: ️️By mail or other means: - Solicitation - Negotiation - Sale - Advising an individual about coverage Elements of a legal contract ️️-Agreement (offer and acceptance) - Consideration - Competent parties - Legal purpose - Negotiation does NOT need to happen Who make the offer in an insurance application ️️- Applicant When does acceptance take place ️️- An insurers underwriter approves the application and issues a policy The binding force in any contract ️️- Consideration - insurer promises to pay in the event of a loss

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Missouri Life and Health Insurance

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  • questions and answers 100 solved
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