What Is the Practical Effect of an Insurance Policy Being

question 23

Multiple Choice

What is the practical effect of an insurance policy being a conditional contract?

• A)The insurer can refuse to a pay claim unless the insured has complied with all policy provisions.
• B)The insured can assign the policy only with the insurer's consent.
• C)The insurer can sue the insured for failure to pay any premiums.
• D)The insured gets the benefit of the doubt if a policy contains any ambiguities or uncertainties.

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Definitions:

Wireless Packets

Small units of data transmitted over a wireless network, conforming to specific protocols for communication between devices.

Wireless Networks

Communication networks that utilize radio waves or microwaves to connect devices and enable data transmission without physical connections.

Wireless Payment Service

A payment method that allows customers to make transactions using wireless technology, often through mobile devices without physical card swiping.

NFC

Near Field Communication, a set of communication protocols that enable two electronic devices, one of which is usually a portable device such as a smartphone, to establish communication by bringing them within 4 cm of each other.