When an applicant applies for insurance by complet...

Exam Fx Property And Casualty Questions And Answers

Question Number 289

When an applicant applies for insurance by completing an application and paying the initial premium, this constitutes:A. consideration and an offer to buy.B. an acceptance.C. a conditioned contract.D. a completed contract.

consideration and an offer to buy.Right. That's it. Except don't talk to the experienced people in your office about the number of months of premium. Just go with "initial premium."

✔ Correct Answer:

consideration and an offer to buy.Right. That's it. Except don't talk to the experienced people in your office about the number of months of premium. Just go with "initial premium."

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Exam Fx Property And Casualty Questions And Answers

Question Number 289

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