IIA
IIA-CFSA · Question #206
IIA-CFSA Question #206: Real Exam Question with Answer & Explanation
Sign in or unlock IIA-CFSA to reveal the answer and full explanation for question #206. The question stem and answer options stay visible for context.
Question
Insurance is a method of transferring, for a fee, the financing responsibility for the risk to another party. Insurance polices are legal contracts. There are four elements that constitute a legal, binding contract. Which of the following is NOT out of those elements?
Options
- AAgreement
- BPeriodic review
- CCompetent parties
- DLegal purpose
Unlock IIA-CFSA to see the answer
You've previewed enough free IIA-CFSA questions. Unlock IIA-CFSA for full answers, explanations, the timed quiz mode, progress tracking, and the master PDF. Question stem and options stay visible so you can still see what's on the exam.