What is the ‘consideration’ from the insured in an insurance contract?

Premium
Proposal
Understanding
Acceptance

LohaHridoy

5 views

2025-01-04 04:42

1 Answers

AhmedNazir

Answer: Option 1

The premium is the consideration from the insured, and the promise to indemnify, is the consideration from the insurers.

5 views Answered 2022-09-01 13:21

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