Life & Health Flashcards

1
Q

Alleatory

A

Exchange of unequal amounts/values

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2
Q

Adhesion

A

Contract prepared by one and accepted by another

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3
Q

Warranty

A

Absolute true statement

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4
Q

Representations

A

Believed to be true

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5
Q

Adverse Selection

A

Insuring risks more prone to losses

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