Because an Insurance Contract Is Governed by the Principles of Contract

question 42

True/False

Because an insurance contract is governed by the principles of contract law, for the contract to be binding, consideration must be given.

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Definitions:

Recommendations Placement

The strategic positioning of suggestions or advice, often in a document or presentation, to ensure maximum impact.

Knowledge Management System

A technology-based system designed to help organizations capture, store, and manage knowledge to improve various processes.

Centralized Database

A database located and maintained in a single location, accessible by users from different locations through a network.

Audience Size And Location

Refers to the number of people who are receiving or are targeted to receive a message, and where they are geographically situated.