kelbeyhuebner5455 kelbeyhuebner5455
  • 01-09-2020
  • Business
contestada

Which clause states that the policy owner must pay something of value for the insurer's promise to pay benefits?

Respuesta :

Lanuel
Lanuel Lanuel
  • 03-09-2020

Answer:

The consideration clause.

Explanation:

The consideration clause is a clause which states that the policy owner must pay something of value for the insurer's promise to pay benefits. This clause is very important and essential for the insured and the insurer who are both benefiting from the contract agreement.

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