When a Statute Requires That All Terms of the Insurance

question 3

True/False

When a statute requires that all terms of the insurance contract be included in the written contract, the insurer cannot claim that a provision not stated in the written contract was binding on the insured.

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Definitions:

Postdecisional Dissonance

Psychological discomfort experienced after making a difficult decision, often leading to regret or questioning of the choice.

Festinger

A psychologist known for developing the theory of cognitive dissonance and contributing significantly to the field of social psychology.

Car Dealership

A business that sells new or used cars at the retail level, often having a dealership contract with an automaker or its sales subsidiary.

Volitional Control

The capacity to make decisions and execute actions based on one's own will, often in the context of self-regulation or behavioral choices.