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4 June, 01:59

What type of consideration does the proposed insured offer to an insurance company?

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  1. 4 June, 02:20
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    the payment of the insurance premiums

    Explanation:

    Consideration in contract law refers to an exchange of something of value, e. g. I pay $5 in exchange for a hamburger.

    In insurance contracts, consideration provided by the insured refers to paying the insurance premium. Consideration provided by the insurance company is the promise to pay in case of a covered loss.
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