An Important Distinction Between Valid Insurance Contracts and Wagering Contracts

question 47

Multiple Choice

An important distinction between valid insurance contracts and wagering contracts is that:

• A) insurance contracts create a new risk that did not previously exist, while wagering contracts don't.
• B) wagering contracts are not contrary to public policy, while insurance contracts are.
• C) insurance contracts transfer existing risks, while wagering contracts create new ones.
• D) unlike insurance contracts, wagering contracts are indemnity contracts.

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Definitions:

Serum Cholesterol

The amount of cholesterol present in the blood, an important indicator of heart disease risk.

CVD

Cardiovascular Disease, a class of diseases that involve the heart or blood vessels, including coronary artery disease, heart failure, and stroke.

Interventions

Measures or actions taken to improve a health issue or to effect a change in a particular situation.

Arteriosclerosis

A condition characterized by the thickening, hardening, and loss of elasticity of the walls of arteries.