In a contract of insurance, the offer is accepted when:
A) The insurer sends the insured a proposal form (acceptance) following the insured's request (offer) .
B) The insured completes and submits (acceptance) the proposal form sent out by the insurer (offer) .
C) The insurer issues a cover note (acceptance) following the insured's request (offer) .
D) The insurer accepts the proposal (acceptance) submitted by the insured (offer) .
Correct Answer:
Verified
Q21: Subrogation applies to all contracts of insurance.
Q28: Fraud on the part of one co-insured
Q35: The consideration in a contract of insurance
Q38: An insurance broker is:
A) An employee of
Q40: The onus of proving that all material
Q42: List the duties of an insurance agent
Q44: Which of the following is NOT an
Q45: Payment of an insurance premium to an
Q46: Which of the following statements about fire
Q48: Which of the following is NOT an
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