The General Feature of Insurance Contracts Is That a Person

question 6

Multiple Choice

The general feature of insurance contracts is that a person facing a risk pays a fee to an insurance company, which in return

• A) agrees to accept all or part of the risk.
• B) agrees to accept none of the risk.
• C) does not agrees to accept any risk.
• D) pays out premiums.

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Definitions:

Definition Of Issues

The process of clearly identifying and articulating the specific points of disagreement or areas of negotiation between parties.

Discussion Evolves

The process of dialogue and conversation developing over time, often leading to new ideas and understandings.

Positive Emotions

Feelings that are generally beneficial to well-being and happiness, such as joy, gratitude, serenity, and interest.

Inflexible

characterizes an unwillingness or inability to change or adapt to new circumstances, ideas, or information.