Completing the Application, Underwriting, and Delivering the Policy
Which pairing of the insurance contract's unique features is stated correctly?
Answer and explanation
Answer: A. A conditional contract makes performance depend on conditions such as paying premium and filing proof of loss, while a unilateral contract binds only the insurer to a promise the owner can decline to continue. Aleatory refers to the possibly unequal exchange of values, and adhesion to one side drafting the terms.Source: Pearson VUE — Georgia Insurance Examination Content Outlines #121102 — Outline page S2, Adhesion compared with the other features
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