Have you ever struggled to answer the question “which of the following best describes a conditional insurance contract” in relation to the concept of Insurance? There’s no need to worry about it anymore. This post contains the correct answer to your question.
Which of the following best describes a conditional insurance contract
Options:
A) A contract that requires certain conditions or acts by the insured individual
B) A contract that has the potential for the unequal exchange of consideration for both parties
C) A contract where one party “adheres” to the terms of the contract
D) A contract where only one party makes any kind of enforceable contract
The Correct Answer Is:
- A) A contract that requires certain conditions or acts by the insured individual
Conclusion
The answer to your question “which of the following best describes a conditional insurance contract” should now be clear for you. I appreciate you coming here to find the answer to your question and best wishes for your preparation related to various Insurance topics.