1 examfx life and heal - Study guides, Class notes & Summaries

What two elements are necessary to a life insurance contract to have a legal purpose? - CORRECT ANSWER 1. Insurable Interest 2. Consent Insurance is a contract that protects the insured from what? - CORRECT ANSWER Loss What Type of Risk is Insurable? - CORRECT ANSWER Pure What is the term for the causes of loss insured against in a insurance policy? - CORRECT ANSWER Peril What Law Protects Consumers from the circulation of inaccurate or obsolete information? - CORRECT ANSWER The Fai...