Since the Relationship Between the Insurer and the Insured Is

question 6

Multiple Choice

Since the relationship between the insurer and the insured is contractual in nature,the parties must fulfill all elements of:

• A)a quasi-contract.
• B)an indemnity.
• C)a wager.
• D)a binding contract.

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Definitions:

Q-data

Self-report data or questionnaire data used in psychological studies to assess traits, feelings, and attitudes.

R Technique

A statistical method used in psychology for exploring correlations between variables across respondents to identify common factors.

L-data Technique

A method in personality research that involves gathering information about an individual's life from records or observations.

Self-report Questionnaires

A method of data collection where participants provide responses to questions about themselves, often used in psychological and social research.