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Without_____ , There Can Be No Enforceable Insurance Contract

question 41

Multiple Choice

Without_____ , there can be no enforceable insurance contract.


Definitions:

Intentional Acts

Actions undertaken with a specific goal or purpose in mind, as opposed to accidents or unintentional outcomes.

Agency by Ratification

This occurs when a principal approves and accepts the actions of someone who acted without authority, thereby giving those actions legitimacy and creating an agency relationship retrospectively.

Doctrine

A belief or set of beliefs held and taught by an organization, especially a religious or political one.

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