An insurance contract is prepared by one party, the insurer, rather than by negotiation between the contracting parties. Which of the following statements explains this characteristic of insurance contracts?

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An insurance contract is prepared by one party, the insurer, rather than by negotiation between the contracting parties. Which of the following statements explains this characteristic of insurance contracts?

A) The insurance contract is a contract of adhesion.

B) The insurance contract is a unilateral contract.

C) The insurance contract is a conditional contract.

D) The insurance contract is an aleatory contract.

Answer: A

The above question An insurance contract is prepared by one party, the insurer, rather than by negotiation between the contracting parties. Which of the following statements explains this characteristic of insurance contracts?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.

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