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Q 1/8
Score 0
The authority that an insurer gives to its agent by means of the agent’s contract is known as
30
Fiduciary responsibility
Implied authority
Express authority
General authority
Q 2/8
Score 0
“An insurance contract is prepared by one party, the insurer, rather than by negotiation between the contracting parties.” Which of the following statements explains this characteristic of insurance contracts?
30
The insurance contract is a contract of adhesion
The insurance contract is a contract of acceptance
The insurance contract is an aleatory contract
The insurance contract names only the insurer as the competent party
8 questions
Q.
The authority that an insurer gives to its agent by means of the agent’s contract is known as
1
30 sec
Q.
“An insurance contract is prepared by one party, the insurer, rather than by negotiation between the contracting parties.” Which of the following statements explains this characteristic of insurance contracts?
2
30 sec
Q.
Which of the following statements about authority is NOT correct?
3
30 sec
Q.
Which of the following statements describes an insurable interest?
4
30 sec
Q.
Which of the following is a distinguishing characteristic of an insurance contract?
5
30 sec
Q.
Competent parties who can enter into insurance contracts are
6
60 sec
Q.
With life and health contracts, when must an insurable interest exist?
7
60 sec
Q.
Which of the following terms is used for the voluntary relinquishment of a known right?
