Want to know:
Insurance policies are considered aleatory contracts because:-they are take it or leave it contract-both parties consent to the contract-performance is conditioned upon a future occurrence-contract is voidable upon proof of fraud
Get a detailed, AI-powered explanation for this question and thousands more on StudyFetch.
Get the Answer for FreeHow StudyFetch Helps You Master This Topic
AI-Powered Answers
Get instant, detailed explanations powered by AI that understands your course material.
Deep Understanding
Go beyond surface-level answers with step-by-step breakdowns and examples.
Personalized Learning
Spark.E adapts to your learning style and helps you connect ideas.
Practice & Test
Turn any question into flashcards, quizzes, and practice tests to solidify your knowledge.
Explore More Questions
- Which of these actions is taken when a policy owner uses a life insurance policy as collateral for a bank loan?Revocable assignment beneficiary change irrevocable assignment collateral assignment
- the policyowner signs an _________ when the policy is received, examines the policy, and then
- Unlike nonforfeiture options, when a dividend option is selected