Which of the following is NOT a common characteristic of an insurance contract?

Insurance

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Which of the following is NOT a common characteristic of an insurance contract?

A) Indemnity

B) Legal purpose

C) Adhesion

D) Utmost good faith

Answer: Legal purpose

The above question Which of the following is NOT a common characteristic of an insurance contract?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.