Which of the following statements about insurance is true?
A) The 'cover note' is the proposal form completed by the insured.
B) A proposal form is an offer of insurance which the insured can choose to accept by completing it.
C) The provision by the insurer of the proposal form for completion by the insured is acceptance of the insured's verbal offer.
D) An 'insurance agent' acts on behalf of the insurance company.
Correct Answer:
Verified
Q11: If an insured has fully insured the
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
Q17: Which of the following terms are not
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
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