Which of the following is NOT the consideration in a policy? 1. The promise to pay covered losses 2. The application given to a prospective insured 3. Something of value exchanged between parties 4. The premium amount paid at the time of application
Which of the following is NOT the consideration in a policy?1. The promise to pay covered losses2. The application given to a prospective insured3. Something of value exchanged between parties4. The premium amount paid at the time of application
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