How Would You Describe the Agreement between the Insurer and the Insured? Choose the Most Appropriate Option.

Name: How Would You Describe the Agreement between the Insurer and the Insured? Choose the Most Appropriate Option.
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Question

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The agreement between the insurer and the insured is a contingent agreement because it depends on the occurrence of an uncertain future event (such as damage or loss) to become active or to determine the extent of the coverage.

How Would You Describe the Agreement Between the Insurer and the Insured