All of the following are considerations in an insurance policy EXCEPT:

A. The statements on the application.
B. The promise to pay covered losses.
C. The cash value in the policy.
D. The premium paid at the time of application.

Question

26-06-2024
Business

Answered

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All of the following are considerations in an insurance policy EXCEPT:

A. The statements on the application.
B. The promise to pay covered losses.
C. The cash value in the policy.
D. The premium paid at the time of application.

Sagot :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-06-26T12:39:07-04:00

Final answer:

The cash value in the policy is not a consideration in an insurance policy.

Explanation:

The cash value in the policy is not a consideration in an insurance policy. Insurance policies typically do not have a cash value component unless it's a specific type like whole life insurance. The other options mentioned, such as statements on the application, promise to pay covered losses, and premium paid at the time of application, are all important considerations in an insurance policy.

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Sagot :

Final answer:

Explanation:

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