Which of the Following Statements About Consideration in an Insurance

question 4

Multiple Choice

Which of the following statements about consideration in an insurance contract is (are) true?
I.The insured's total consideration is submission of a completed application.
II.The insurer's consideration is the promise to do those things specified in the policy.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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