Ambiguities in Insurance Contracts Are Read in the Manner Most

question 21

Multiple Choice

Ambiguities in insurance contracts are read in the manner most favorable to the insured because insurance is:

• A)an indemnity contract.
• B)a contract of utmost good faith.
• C)a contract of subrogation.
• D)a unilateral contract.
• E)a contract of adhesion.

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Definitions:

Self-Governing Teams

Teams that operate autonomously, making decisions and managing workflows without external supervision.

Boundedness

The quality of being limited or restricted in some way.

Stability

The state or quality of being resistant to change or fluctuation, often used to describe economic, social, or environmental conditions.

Misdirection

refers to the technique of distracting attention away from the intended focus, often used in magic tricks or in strategic communication.