An insurance contract,though transferring existing risk,is a legally permissible and valid contract.
Correct Answer:
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Q13: The insurance relationship is contractual.
Q14: The damages recoverable by an insured for
Q15: When insurance policy provisions must be interpreted,a
Q16: A homeowner's policy typically will cover damage
Q17: Professional insurance is also called malpractice insurance.
Q19: If an insurance applicant sustains losses after
Q20: Under insurance policies (except life insurance),the insured
Q21: Which of the following is true of
Q22: Sarah entered into an auto insurance contract
Q23: Since the relationship between the insurer and
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