QuestionMay 3, 2025

Which type of clause describes the following statement: "We have issued the policy in consideration of the representations in your applications and payment of the first-term premium". A. Consideration clause B. Adhesion clause C. Premium clause D. Contestability clause

Which type of clause describes the following statement: "We have issued the policy in consideration of the representations in your applications and payment of the first-term premium". A. Consideration clause B. Adhesion clause C. Premium clause D. Contestability clause
Which type of clause describes the following
statement: "We have issued the policy in
consideration of the representations in your
applications and payment of the first-term
premium".
A. Consideration clause
B. Adhesion clause
C. Premium clause
D. Contestability clause

Solution
4.4(333 votes)

Answer

A. Consideration clause Explanation The statement refers to the conditions under which a policy is issued, specifically highlighting the importance of representations and payment. This aligns with a consideration clause, which outlines what each party must provide for the contract to be valid.

Explanation

The statement refers to the conditions under which a policy is issued, specifically highlighting the importance of representations and payment. This aligns with a consideration clause, which outlines what each party must provide for the contract to be valid.
Click to rate:

Similar Questions