6. The Contract of Life Insurance is
a. A contract of utmost good faith
b. An indemnity contract
With insurable interest.
c. One way contract.
d. None of the above.
Answers
Answered by
9
Answer:
a) a contract of utmost good faith
Answered by
0
Answer:
Option 'A' ( A contract of utmost good faith ) is correct.
Explanation:
Life insurance is a contract between an insurance company and a policyholder. A life insurance policy guarantees that if the insured dies, the insurer will pay the designated beneficiary in exchange for the premium paid by the policyholder for a lifetime.
Hence, option 'A' ( A contract of utmost good faith ) is correct.
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