Why can an insurer refuse to pay a claim if an insured fails to abide by the policy provisions?
A) because insurance contracts are aleatory
B) because insurance contracts are unilateral
C) because insurance contracts are conditional
D) because insurance contracts are contracts of adhesion
Answer: C
Business
You might also like to view...
Which of the following is generally reported at purchasing power parity (PPP)?
A) gross domestic product (GDP) B) an exchange control C) a trade surplus D) a trade deficit E) a non-tariff barrier
Business
A(n) ________ is a group of countries that has agreed to lower tariff barriers and promote trade among members
A) trade union B) privatized organization C) economic community D) joint venture E) global network
Business