IIA
IIA-CFSA · Question #208
Insurance contracts are also considered ____________ in that they are legal documents that required the insurer to pay if covered events occur. Because the insurance company creates the contract, it…
The correct answer is A. Contracts of adhesion. See the full explanation below for the reasoning.
Question
Insurance contracts are also considered ____________ in that they are legal documents that required the insurer to pay if covered events occur. Because the insurance company creates the contract, it is liable if there are any ambiguities in the contract language.
Options
- AContracts of adhesion
- BBilateral
- CUnilateral
- DIncontestable
How the community answered
(24 responses)- A71% (17)
- B8% (2)
- C4% (1)
- D17% (4)
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