Ask Question
BusinessBusiness
4 June, 01:59

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

+1
Answers (1)
  1. 4 June, 02:20
    0
    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.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What type of consideration does the proposed insured offer to an insurance company? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Insured has b. a. p. and c. g. l. he has a load of sod on his 2 1/2 ton truck. the sod is being unloaded by a fork lift vehicle. the fork lift runs over a passerby. which correctly states the way the mentioned policies will react: select one: a. b.
Answers (1)
When a supply curve is relatively flat, the a. supply is relatively inelastic. b. supply is relatively elastic. c. equilibrium price changes substantially when the demand for the good changes. d.
Answers (2)
Susan wanted to give a diamond pendant to Lucy, her daughter. Susan entered into a contract with Andrew, a dealer who specializes in diamond jewelry. Susan had promised to pay him if he delivered the pendant to Lucy.
Answers (1)
Angel is hispanic and has applied for a job at buckets inc. buckets inc. has a workforce that is 45 percent hispanic, 35 percent black, and 20 percent white. this closely approximates the workforce available to buckets.
Answers (1)
What is the strongest predictor that a student will drop out of school? a. Willingness to try harder b. Lack of will to succeed c. Family characteristics d. Low GPA
Answers (2)
New Questions in Business
Thirty-seven-year-old steven is a single male who has suffered from depression all his life. he has been in treatment for the last week and a half and has begun taking an antidepressant.
Answers (1)
Mike inherited some antiques. Pat agrees to buy them. In the contract, Mike and Pat agree to value the antiques at whatever the Sotheby's representative says. It is much higher than either of them anticipated. What is the outcome?
Answers (1)
Among the various kinds visual aids, tables are what?
Answers (1)
Tp-22 what test can be performed to detect a leak after fueling a gasoline-powered boat?
Answers (1)
Before any serious discussion of purchasing a business occurs a _ should be conducted
Answers (1)
Home » Business » What type of consideration does the proposed insured offer to an insurance company?
Sign Up Forgot Password?