General Insurance PrinciplesCâu 171 / 474
Describing an insurance policy as a contract of adhesion means that:
a.both parties negotiate the wording clause by clause before signing it
b.the policy attaches to the property and passes on to the next owner
c.the insured must adhere to every promise or lose the right to sue
d.one party writes the wording and the other may only accept or reject it
Giải thích
The insurer drafts the contract and the applicant adheres to it on a take-it-or-leave-it basis, which is why courts read genuine ambiguity in favor of the insured. The clause-by-clause answer describes a bargained contract, such as a construction agreement, not a policy. A policy also follows the person insured rather than attaching to the property.
Luyện miễn phí toàn bộ 474 câu hỏi — không cần đăng ký.
Own the complete Personal Lines Insurance Producer guide — PDF + EPUB, $19.99 →
Câu hỏi liên quan cùng chủ đề
- An insured leaves a car unlocked with the keys inside, reasoning that insurance would pay for it anyway. This attitude is:
- A restaurant installs a sprinkler system and at the same renewal raises its property deductible. These two steps are, in order:
- Which characteristic makes a risk suitable for coverage by a private insurer?
- An insured pays $1,400 of premium and later collects $90,000 after a fire. This unequal exchange of value shows that the policy is:
- An insurance policy is classified as a unilateral contract because:
- After a kitchen fire the insured refuses to submit a proof of loss or let the adjuster inspect the damage. The insurer may resist paying because the policy is:
Cập nhật gần nhất: · quy trình kiểm tra
Đội ngũ PrepPass · Đối chiếu với California Personal Lines Insurance License Exam · Quy trình kiểm tra