Exam (elaborations)
New York Life and Health Insurance Questions & Answers Solved 100% Correct!!
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- Institution
Define Aleatory contract. - An Aleatory contract is a contract in which participating parties exchange unequal amounts. Insurance contracts are aleatory in that the amount the insured will pay in premiums is is unequal to the amount the insurer will pay in the event of a loss. Define warranty: -...
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