A) Exclusions clause. B) Insuring clause. C) Benefit Payment clause. D) Consideration clause Answer: Exclusions clause Learn More :Insurance 1 to 100
Insurance 100 to 200
Are conditions stipulated in the contract for which the insurer will not provide coverage?Exclusions are conditions stipulated in the contract for which the insurer will not provide coverage. The insurer cannot add or alter any of the exclusions after the policy has been issued.
Which of the following information will be stated in the consideration clause of the life insurance policy?The consideration clause spells out exactly how much premium payments are and when they are due. The legal consideration for a life policy consists of the application and payment of the initial premium. It may also list the effective date.
Which of these is not considered to be an element of an insurance contract?Which of these is NOT considered to be an element of an insurance contract? The elements of an insurance contract do not include negotiating.
What are the elements of insurance contract?Because the law of contracts is used to interpret an insurance policy, the basic elements of contract (offer, acceptance, and consideration) must be present for a court to uphold an insurance agreement.
|