Mr. Jiminez wants his 16 year old son to buy a life insurance policy as an investment for college. He asks you if it is legal for a minor child to purchase and own life insurance. You correctly respond by saying:
A) minors never have capacity to enter contracts
B) minors always have capacity to enter contracts
C) the courts have ruled that it is illegal for minors to purchase life insurance
D) the courts have ruled both ways on minors' ability to own life insurance
Correct Answer:
Verified
Q2: Which part of the insurance contract personalizes
Q3: Which of the following is false concerning
Q4: The personal feature of property insurance contracts
Q5: The principle of utmost good faith:
A) holds
Q6: Gerald Tee has a $50,000 property loss.
Q7: If there were a $200,000 loss and
Q8: Dane Cook has a $50,000 property loss.
Q9: To determine if a loss is covered
Q10: Jasmine phones her agent to obtain auto
Q11: Exclusions are contained in insurance policies for
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