Insurance is called a unilateral contract because:

a.Both parties make legally enforceable promises
b.Neither party is legally bound to anything at all once the policy has actually been delivered to the owner
c.The insured is legally required to keep paying premiums
d.Only the insurer makes a legally enforceable promise once the premium is paid

Explicación

In a unilateral contract only one party, the insurer, makes an enforceable promise; the insured is not legally compelled to continue paying. Mutual enforceable promises would make it bilateral.

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Revisado por John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verificar)
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