All of the following are requirements of a contract of insurance except: A) the contract must be in writing B) it must be for a legal purpose C) there must be legal capacity of the parties D) there needs to be an offer and an acceptance

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Quizplus · Accepted Answer

The requirement that a contract must be in writing is not a universal requirement for insurance contracts. While many insurance contracts are indeed in writing for clarity and legal purposes, the fundamental requirements for a valid contract include it being for a legal purpose, the parties having legal capacity, and the presence of an offer and acceptance. Contracts, including those for insurance, can be validly formed orally or through conduct in many jurisdictions, unless specifically required by law (e.g., under the Statute of Frauds in some areas).

All of the Following Are Requirements of a Contract of Insurance