Consideration on an insurance contract is the premium paid by the individual being insured and the promise by the insurer for future coverage in the event of a peril.
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Q3: Punitive damages are allowed when the insurer's
Q4: Under modern rules in all states,the insured's
Q5: As a general rule,liability insurance policies furnish
Q6: Generally in business liability policies,if the insured
Q7: The insured is not entitled to recover
Q9: The term for the person who receives
Q10: Most property insurance policies are open policies
Q11: If the insured misrepresented material facts in
Q12: Courts will always grant reformation of a
Q13: The insurance relationship is contractual.
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