IIA
IIA-CFSA · Question #207
It is a characteristic of insurance policy according to which the insured decides whether or not to pay the premium to be covered by the policy. If the insured pays the premium, the insurance coma…
The correct answer is A. Unilateral. See the full explanation below for the reasoning.
Question
It is a characteristic of insurance policy according to which the insured decides whether or not to pay the premium to be covered by the policy. If the insured pays the premium, the insurance coma pay is obliged to make payments as stated in the policy. What is it?
Options
- AUnilateral
- BBilateral
- CIncontestable
- DAdhesion
How the community answered
(33 responses)- A70% (23)
- B6% (2)
- C21% (7)
- D3% (1)
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