The consideration paid to an insurer to obtain an insurance policy is the premium.
Correct Answer:
Verified
Q2: The insured can cancel a policy at
Q3: Because insurance law follows contract law,bad faith
Q4: A coinsurance clause provides that two or
Q5: A sibling may have an insurable interest
Q6: Under an antilapse clause,an insurance policy will
Q7: A business may procure coverage for product
Q8: An insured who has policies with several
Q9: Insurance companies are prohibited from prac?ticing risk
Q10: An insured's lack of an insurable interest
Q11: State law may mandate that an incontestability
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