Which of the Following Statements About Consideration in an Insurance

question 4

Multiple Choice

Which of the following statements about consideration in an insurance contract is (are) true?
I.The insured's total consideration is submission of a completed application.
II.The insurer's consideration is the promise to do those things specified in the policy.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

Understand the concept of metamemory and its significance.

Grasp the theory of triarchic intelligence and its components.

Comprehend the role of selective attention in cognitive development.

Understand the impact of genetic disorders on intellectual abilities.

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Definitions:

Lookup Field

A field in a database that allows users to select a value from a list, facilitating data entry and ensuring data integrity.

Table Design

The phase in database management where the structure of a table including fields, types, and relations is defined and implemented.

Field Properties Pane

A section in database applications where users can view and modify properties and settings of database fields, such as data type and validation rules.

Validation Rule Expression

A formula or criterion set in databases or software applications that checks data before it is entered or saved, ensuring data integrity and consistency.