This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is the practical effect of an insurance policy being a conditional contract? A) The insurer ... (Read 61 times)

maychende

  • Hero Member
  • *****
  • Posts: 556
on: Jul 11, 2018
What is the practical effect of an insurance policy being a conditional contract?
 
  A) The insurer can refuse to a pay claim if the insured has not complied with all policy provisions.
  B) The insured can assign the policy only with the insurer's consent.
  C) The insurer can sue the insured for failure to pay any premiums.
  D) The insured gets the benefit of the doubt if a policy contains any ambiguities or uncertainties.

Question 2

Why are insurance contracts said to be contracts of adhesion?
 
  A) The values exchanged by the parties to the contract are not equal.
  B) One party writes the contract, and the other party must accept the entire contract as written.
  C) Only one party makes a legally enforceable promise.
  D) Conditions are placed on the insurer's promise to perform.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

swimkari

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: A

Answer to Question 2

Answer: B


maychende

  • Member
  • Posts: 556
Reply 2 on: Jul 11, 2018
Excellent

fatboyy09

  • Member
  • Posts: 358
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

The greenhouse effect. The greenhouse effect.
The conduction system of the heart; traces the path of the electrical impulse that stimulates the he The conduction system of the heart; traces the path of the electrical impulse that stimulates the he
Effect of extracellular osmolarity on water movement across a plasma membrane Effect of extracellular osmolarity on water movement across a plasma membrane
Alzheimer’s Drugs Work by Intensifying the Effect of Acetylcholine at the Receptor Alzheimer’s Drugs Work by Intensifying the Effect of Acetylcholine at the Receptor
International Economics: Theory and Policy (10th Edition) International Economics: Theory and Policy (10th Edition)
The effect of frameshift mutations on a DNA sequence repeating the triplet sequence GAG The effect of frameshift mutations on a DNA sequence repeating the triplet sequence GAG
Video: baroreceptors

For a complete list of videos, visit our video library