Florida Health 240 Insurance: Questions & Solutions

Florida Health 240 Insurance: Questions & Solutions Utmost good faith ️️Each party is entitled to rely on the representation of the other, and each party should have a reasonable expectation that the other is acting in good faith without attempts to conceal or deceive. Aleatory Contract ️️A contract under which one party's performance is contingent on an uncertain event. property and casualty agent ️️has the power to bind the insurer Adhesion Contract ️️Insurance company drafts contract and the insured adheres to it. Any ambiguity resolved in favor of the insured. Unilateral contract ️️Insured has completed paying the premium, only one party of the contract is legally required to do something. Insured promises to pay the death benefit in the event of loss. Can not be held for breach of contract