Which of the following terms are not always included in an insurance contract?
A) Terms regarding payment of the premium.
B) Terms obliging the insurer to indemnify the insured based on the loss actually suffered.
C) Terms identifying the particular risk or happening to which the policy will respond.
D) Terms creating an obligation to indemnify or pay money on the happening of a particular event.
Correct Answer:
Verified
Q12: In order to insure property, a person
Q13: The insurer will be deemed to have
Q14: What is a 'pure endowment' policy?
A)A life
Q15: Which of the following need not occur
Q16: Which of the following statements about insurance
Q18: Which of the following persons/parties do not
Q19: If on paying an insurance claim the
Q20: The insurer will not be deemed to
Q21: Which of the following is not one
Q22: What is the 'PAYG withholding scheme'?
A)A scheme
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