An insurance contract,though transferring existing risk,is legally permissible and valid contract.
Correct Answer:
Verified
Q1: Property insurance policies are indemnity contracts.
Q2: Guy takes out a property insurance policy
Q5: As a general rule,liability insurance policies furnish
Q11: In all states,the insured's breach of warranty
Q13: The insurance relationship is contractual.
Q14: The damages recoverable by an insured for
Q17: Professional insurance is also called malpractice insurance.
Q17: Courts generally will not grant reformation of
Q19: If an insurance applicant sustains losses after
Q20: Under insurance policies (except life insurance),the insured
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents