QuestionJanuary 31, 2026

Who makes the legally enforceable promises in a unilateral insurance policy? A. Insurance company B. Beneficiary C. Applicant D. Insured

Who makes the legally enforceable promises in a unilateral insurance policy? A. Insurance company B. Beneficiary C. Applicant D. Insured
Who makes the legally enforceable promises in a unilateral insurance policy?
A. Insurance company
B. Beneficiary
C. Applicant
D. Insured

Solution
4.0(269 votes)

Answer

A. Insurance company Explanation A unilateral insurance policy is a one-sided contract where only one party—the insurer—makes a legally enforceable promise to pay for covered losses if the insured fulfills certain conditions (like paying premiums).

Explanation

A unilateral insurance policy is a one-sided contract where only one party—the insurer—makes a legally enforceable promise to pay for covered losses if the insured fulfills certain conditions (like paying premiums).
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