The insurance relationship is contractual.

Contractual

Pertaining to, or characterized by, a contract or agreement between two or more parties.

Recognize the legal validity of insurance contracts and the requirements for their formation and performance, including the offer, acceptance, and consideration aspects.

Verified Answer

Christina BissuJun 08, 2024

Final Answer :

True

Explanation :

Regardless of the type of insurance involved,the insurance relationship is contractual.It involves at least two-and frequently more than two-interested parties.

Learning Objectives

Recognize the legal validity of insurance contracts and the requirements for their formation and performance, including the offer, acceptance, and consideration aspects.

The insurance relationship is contractual.

Definitions

Learning Objectives

Learning Objectives

Related questions