What Is the Practical Effect of an Insurance Policy Being

question 21

Multiple Choice

What is the practical effect of an insurance policy being a conditional contract?

• A) The insurer can refuse to a pay claim if the insured has not complied with all policy provisions.
• B) The insured can assign the policy only with the insurer's consent.
• C) The insurer can sue the insured for failure to pay any premiums.
• D) The insured gets the benefit of the doubt if a policy contains any ambiguities or uncertainties.

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Definitions:

Allergy Attack

A sudden, acute allergic reaction to a substance (allergen) to which the body has become sensitized, leading to symptoms like sneezing, itching, and difficulty breathing.

Plastic Flowers

Artificial flowers made from plastic materials, designed to mimic the appearance of real flora.

Generalization

The process of deriving general rules or principles from specific examples, often used in the context of learning and reasoning.

Generalization

The process of applying findings from specific instances to broader contexts, or the tendency to apply broad concepts to specific instances.