Policy Riders, Provisions, Options, and Exclusions
What element of consideration does the insurance company bring to a life insurance contract?
Answer and explanation
Answer: A. Insurer's consideration is its promise to pay covered death benefits or policy claims.Source: Texas Judiciary / Contract Law — Opinion page 8, Consideration
More policy riders, provisions, options, and exclusions questions
- What is the function of a payor benefit rider attached to a juvenile life insurance policy?
- What is the main purpose of a life policy's free-look period?
- What is the primary operational objective of an automatic premium loan (APL) provision?
- What restriction applies to an owner who names an irrevocable beneficiary?
- What right does a guaranteed insurability rider (GIR) grant to the policyowner?
- What standard requirements must a policyowner satisfy to reinstate a lapsed life insurance policy?
590 Texas questions like this one.
Every answer explained, the ones you miss come back on a spaced schedule, and a plan built from your exam date.