The Contract of Insurance Is

question 5

Multiple Choice

The contract of insurance is

• A) not subject to the general laws of contract and the common law.
• B) substantially the same as a wagering agreement.
• C) treated as a contract of utmost good faith.
• D) None of the responses are correct.
• E) All of the responses are correct.

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Definitions:

Reflect

To reflect is to think deeply or carefully about something, often involving careful consideration or meditation on past experiences or ideas.

Reputation

The beliefs or opinions that are generally held about someone or something, often based on past actions or performances.

Cross-Situational Consistency

The concept that an individual's behavior tends to be consistent across different situations and contexts.

Self-Fulfilling Tendencies

The phenomenon whereby a person's expectation or belief about a situation or themselves leads to its actualization or enactment.