What is the practical effect of an insurance policy being a conditional contract?
A) The insurer can refuse to a pay claim unless the insured has complied with all policy provisions.
B) The insured can assign the policy only with the insurer's consent.
C) The insurer can sue the insured for failure to pay any premiums.
D) The insured gets the benefit of the doubt if a policy contains any ambiguities or uncertainties.
Correct Answer:
Verified
Q5: Which of the following statements about the
Q9: Sue's office building was damaged by a
Q11: Which of the following statements about subrogation
Q17: The loss settlement under which of the
Q18: What is the legal significance of a
Q23: Dave is an agent for Easy Pay
Q25: Janice purchased a living room set for
Q32: Melody's car was damaged when another driver
Q35: Why can an insurer refuse to pay
Q39: Why are insurance contracts said to be
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