LEGAL CONCEPTS OF THE INSURANCE CONTRACT ( Pre-Licensing Life and Health insurance exam )

Описание к видео LEGAL CONCEPTS OF THE INSURANCE CONTRACT ( Pre-Licensing Life and Health insurance exam )

A contract is an agreement enforceable by law. It is the means by which one or more parties bind themselves to certain promises. With a life insurance contract, the insurer binds itself to pay a certain sum upon the death of the insured. In exchange, the policy owner pays premiums.

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