📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store
  • ✖

      Question

      What is NOT an element of an insurance contract?

      A Offer and acceptance Correct Answer Incorrect Answer
      B Guarantee Correct Answer Incorrect Answer
      C Consideration Correct Answer Incorrect Answer
      D Legality Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      Explanation: The essential elements of an insurance contract are: ·         Offer and acceptance ·         Consideration (premium) ·         Legal purpose ·         Insurable interest ·         Utmost good faith

      Practice Next
      ask-question