What Is The Nature Of Insurance Contract? Nature of contract is a fundamental principle of insurance contract. An insurance contract comes into existence when one party makes an offer or proposal of a contract and the other party accepts the proposal. A contract should be simple to be a valid contract. What are the characteristics
What Happens When A Contract Is Ambiguous? But usually, an ambiguous contract means that a specific term, word, phrase, or definition is vague or unclear. If a contract is ambiguous, it can sometimes be resolved by the parties through further discussions. If not, it may be necessary to have the document reviewed in court to
Which Unfair Trade Practice Involves An Agent Suggesting That An Insurance Policy? Which Unfair Trade Practice involves an agent telling a prospective client that a policy’s dividends are guaranteed? The correct answer is “Misrepresentation“. An agent who tells a client that dividends are guaranteed may be guilty of misrepresentation. Which unfair trade practice involves making
Which Of The Following Persons Is Required To Hold A Producer License? Which of the following persons is required to hold a producer license? A person who negotiates insurance contracts. Persons who perform clerical tasks that are not related to soliciting or negotiating insurance contracts are not required to be licensed. Which of the following
Which Of The Following Persons Is Required To Hold A Producers License? Which of the following persons is required to hold a producer license? A person who negotiates insurance contracts. Persons who perform clerical tasks that are not related to soliciting or negotiating insurance contracts are not required to be licensed. What is the purpose
Who Is Good Faith Long Term Health Care Policy? It is commonly known that contracts of insurance are contracts of utmost good faith, requiring the parties to deal with each other fairly and in good faith. The duty of good faith cuts both ways — both insurer and insured have an obligation to act in
What Are The 4 Parts Of A Policy Contract? There are four basic parts to an insurance contract: … Insuring Agreement. Exclusions. Conditions. What are the 5 parts of an insurance policy? Every insurance policy has five parts: declarations, insuring agreements, definitions, exclusions and conditions. Many policies contain a sixth part: endorsements. What are the
Can You Have Multiple Contract With Insurance Company Mental Health? Can I bill clients for more than one session per day? Most insurers are pretty strict about the one session per client, per day rule. Under some circumstances, mental health practices may be able to obtain approval for more than one service in a day.