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BL – Nov 2011 – L1 – SA – Q1 – Law of Contract

Identify the party in a contract of insurance that pays the premium for indemnity.

Question

In a contract of insurance, the party that pays the premium in return for the insurer’s promise of indemnity is the:
A. Insurance company
B. Insurer
C. Contractor
D. Insured
E. Third party

Answer

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Tags: Indemnity, Insurance Contract, Insured, Insurer, Premium Payment
Level: Level 1

Topic: Law of Contract
Series: NOV 2011

Question Tag: Premium Payment

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BL – Nov 2011 – L1 – SA – Q1 – Law of Contract

Identify the party in a contract of insurance that pays the premium for indemnity.

BL – Nov 2011 – L1 – SA – Q1 – Law of Contract

Identify the party in a contract of insurance that pays the premium for indemnity.

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Identify the party in a contract of insurance that pays the premium for indemnity.

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Identify the party in a contract of insurance that pays the premium for indemnity.

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