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IIA-CFSA · Question #208

IIA-CFSA Question #208: Real Exam Question with Answer & Explanation

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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

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