What is the practical effect of an insurance policy being a conditional contract?

Question

Quizplus · Accepted Answer

As a conditional contract, an insurance policy requires the insured to fulfill certain obligations, such as paying premiums and complying with all policy provisions. If the insured fails to meet any of these conditions, the insurer may refuse to pay a claim.

Answer: B 
 An insurance policy being a conditional contract means that the consent of the insurer is required for the policy to be assigned. This means that the insured cannot transfer the policy to another person without the insurer's consent.

Answer: C 
 This statement is not necessarily true for all insurance policies being conditional contracts. It depends on the specific terms and provisions of each policy.

Answer: D 
 This statement is not necessarily true for all insurance policies being conditional contracts. It depends on the specific terms and provisions of each policy. However, generally speaking, any ambiguities or uncertainties in the policy will be construed against the insurer and in favor of the insured.

What Is the Practical Effect of an Insurance Policy Being