Which of the Following Statements About Insurance Is True

question 30

Multiple Choice

Which of the following statements about insurance is true?

• A)The 'cover note' is the proposal form completed by the insured.
• B)A proposal form is an offer of insurance which the insured can choose to accept by completing it.
• C)The provision by the insurer of the proposal form for completion by the insured is acceptance of the insured's verbal offer.
• D)An 'insurance agent' acts on behalf of the insurance company.

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Definitions:

Governmental Interference

Actions by a government that affect the activities of individuals or organizations, often seen as negative or intrusive.

Liberty

Liberty refers to the state of being free within society from oppressive restrictions imposed by authority on one's way of life, behavior, or political views.

Legalized Abortion

The legal provision that allows for the termination of a pregnancy under certain conditions, varying widely by jurisdiction.

Liberals

Individuals or groups advocating for policies that emphasize the need for the government to solve problems, especially those related to social inequality, civil rights, and social justice.