Ask Question
BusinessBusiness
12 February, 19:04

What type of consideration does the proposed insured offer to an insurance company?

+4
Answers (1)
  1. 12 February, 20:36
    0
    the payment of the insurance premiums

    Explanation:

    Consideration in contract law refers to an exchange of something of value, e. g. I pay $5 in exchange for a hamburger.

    In insurance contracts, consideration provided by the insured refers to paying the insurance premium. Consideration provided by the insurance company is the promise to pay in case of a covered loss.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What type of consideration does the proposed insured offer to an insurance company? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Unemployment because of a mismatch between the skills of job seekers and the requirements of available jobs is called:
Answers (1)
According to the 2018 Pricewaterhouse Coopers CEO survey, what percentage of CEOs are planning a new strategic alliance or JV in the next 12 months?
Answers (1)
What would typically be the order of ease of raising capital (from most to least) ?
Answers (1)
Approximately what percentage of those in agriscience actually work directly on farms? 90% 52% 25% 17%
Answers (2)
A certficate of Current Cost or Pricing dа ta: (A) Does not constitute a representation as to the accuracy of the contractor's judgment on the estimate of future costs or projections (B) Is required upon exercise of an option at the price
Answers (1)
New Questions in Business
A currency trader observes the following quotes in the spot market: 1 U. S. dollar = 122 Japanese yen 1 British pound = 2.25 Swiss francs 1 British pound = 1.63 U. S.
Answers (1)
Mary, Susan, and Sarah are running a beach boutique on the board walk of Ocean City. Their favorite product is a red lifeguard hoody. Mary believes it will sell 341 times next season.
Answers (1)
Stone Foods produces the majority of its cheese products in its U. S. based dairy division at a total outlay cost of $6.00 per unit.
Answers (1)
The last dividend paid by Coppard Inc. was $1.25. The dividend growth rate is expected to be constant at 15% for 3 years, after which dividends are expected to grow at a rate of 6% forever.
Answers (1)
ABC Company issued a bond with face value for $1000, paid annual 10% coupon and 3 years to maturity, what is the value of ABC bonds today if the required rate of return is 12%.
Answers (1)
Home » Business » What type of consideration does the proposed insured offer to an insurance company?
Sign Up Forgot Password?