Principios Generales de SegurosPregunta 354 de 716
An insurance policy is described as a 'unilateral' contract because:
a.The dollar values the two parties exchange depend on chance
b.It is written entirely by the insurer and cannot be negotiated
c.Only the insurer makes a legally enforceable promise to perform
d.Benefits are conditioned on the insured filing a timely proof of loss
Explicación
In a unilateral contract, only one party (the insurer) makes an enforceable promise; the insured is not legally obligated to continue paying premiums, but if they do, the insurer must honor its promise. Values depending on chance describes an aleatory contract. Benefits conditioned on proof of loss describe a conditional contract. A non-negotiable contract written by one party is a contract of adhesion. Each of these characteristics describes a different feature of an insurance policy.
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- To say an insurance contract is 'aleatory' means that:
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- The doctrine that both parties to an insurance contract rely on the honesty and full disclosure of the other is known as:
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Revisado por John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verificar)