Which of the Following Need Not Occur in Order for an Insurance

question 4

Multiple Choice

Which of the following need not occur in order for an insurance contract to be formed?

• A)The engagement of an insurance broker by the insured.
• B)The completion of a proposal by the insured.
• C)The payment of a premium by the insured.
• D)The acceptance of the risk by the insurer.

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Definitions:

GREs

The Graduate Record Examinations, a standardized test that is an admissions requirement for many graduate schools in the United States and other countries.

Graduate School

An advanced academic institution that offers post-graduate education and research opportunities in specialized fields.

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The extent to which a test accurately forecasts or predicts the future performance or behavior of individuals on related tasks.

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The extent to which a measure is related to an outcome or criterion, indicating the utility of the test for predicting performance or behavior.