Are you looking for the correct answer to the question “When an insured makes truthful statements on the application for insurance and pays the required premium, it is known as which of the following?”? If that’s the case, you don’t have to worry anymore. AzAnswer team is here with the right answer to your question. Please check below to know the answer.
When an insured makes truthful statements on the application for insurance and pays the required premium, it is known as which of the following?
Options
a. Consideration
b. Legal purpose
c. Contract of adhesion
d. Acceptance
Answer: (A)
The above question When an insured makes truthful statements on the application for insurance and pays the required premium, it is known as which of the following?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.
