What Is the Practical Effect of an Insurance Policy Being

question 32

Multiple Choice

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

• A)The insurer can refuse to pay claims 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 policy is interpreted in the insured's favor if the policy contains any ambiguities or uncertainties.

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Definitions:

Rechargeable Batteries

Batteries that can be restored to full charge by applying electrical energy, often used in various electronic devices.

SPIN Approach

stands for Situation, Problem, Implication, and Need-Payoff, a consultative selling technique that focuses on asking the right questions to understand and address customer needs effectively.

SPIN Approach

A sales technique that focuses on asking questions about Situation, Problem, Implication, and Need-payoff to close deals.

Third Category

In a classification system, the additional or alternative group that items, ideas, or solutions can be placed into beyond the primary two options.