In an Insurance Contract, the Payment of Consideration Is Called

question 50

Multiple Choice

In an insurance contract, the payment of consideration is called a(n) _____.

• A) issue
• B) negotiable instrument
• C) premium
• D) valued policy

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Definitions:

Cross-Cultural Communication

The exchange of information or ideas between individuals from different cultural backgrounds.

Idioms

Expressions whose meanings are not predictable from the usual meanings of their constituent elements or from the general grammatical rules of a language.

Cross-Cultural Communication

The exchange of information and ideas between people from different cultures, emphasizing understanding and respect for diverse perspectives and practices.

Customs

The official procedures for inspecting and taxing goods coming into a country, or the traditional norms and practices of a society or community.