Joe has a dispute with his insurance company regarding how much he is entitled to recover on a claim. Joe believes he is entitled to get $8,000 based upon his interpretation of the policy wording
The insurer says the claim is not covered by the policy. Joe sues and a court of law decides that the policy wording is vague and ambiguous, and rules that the loss IS covered. What legal characteristic of insurance resulted in the court's decision?
A) Insurance is aleatory.
B) Insurance is a contract of indemnity.
C) Insurance is a contract of adhesion.
D) Insurance is personal.
C
Business
You might also like to view...
_____ are entities that have a relationship with a corporation and who are affected immediately, continuously and powerfully by this corporation.
Fill in the blank(s) with the appropriate word(s).
Business
A form of law based on religious teachings is:
A) moral law B) theocratic law C) civil law D) common law
Business