All of the following information must be communicated in an insurance contract EXCEPT
Which of the following does not need to be identified in an insurance policy?Which of the following does NOT need to be identified in an insurance policy? C.) The insurer's financial rating. Rationale: An insurer's financial rating does not need to be specified in an insurance policy.
Under what circumstances is an insurer permitted not to communicate information which otherwise would be required?Under what circumstances is an insurer permitted not to communicate information which otherwise would be required? When a party waives its right to receive communication, the insurer is permitted not to communicate required information.
Which of the following is not an example of a valid insurable interest?Which of the following is NOT an example of insurable interest? Premium receipt.
How is an insurance policy defined quizlet?An insurance policy is a legal contract between and insurance company and an insured, in which the insurance company will pay an insured for covered losses in exchange for the insured paying the premiums.
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