Question 2006 of 303 · California Life-Only Agent Exam
An insurance contract is conditional because
Exactly one answer is correct.
You got of questions right. Here on the question pages nobody remembers which ones you got wrong. The trainer saves your progress and asks the mistakes again until they stick.
Or free: the 10 questions most people get wrong
Show solution
Correct answer to question 2006
- A: the insurer must pay only if the insured meets the policy conditions
Explanation
Conditions such as paying premiums and giving notice of loss must be met before the insurer has a duty to pay.
More questions: Contract Law
- 2007What does it mean to say that insurance is a personal contract?
- 2008Under California Insurance Code section 380, an insurance policy is
- 2009Which of the following must be specified in every California insurance policy under Insurance Code section 381?
- 2010Is the insurer's financial rating required to be stated in the insurance policy?
- 2011Under California law, concealment by a party to an insurance contract, whether intentional or unintentional, entitles the injured party to
- 2012Which of the following does NOT need to be communicated to the other party under California concealment rules?