Exam DISC-IA Practice Question 28
Study guide: Exam DISC-IA
Why are most property-casualty insurance policies described as unilateral contracts?
- A) Only the insurer's promise is enforceable; the insured just meets conditions
- B) Only the insured may cancel the policy before its expiration date
- C) The insurer drafts the policy and offers it on a take-it-or-leave-it basis
- D) The insurer's payment depends on an uncertain event that may not occur
Answer this question and see the worked solution