An independent contractor pays a 3,000 per month in benefits for the next two years. The total financial benefits paid by the insurer far exceed the $150 in premiums collected. This scenario best demonstrates which distinctive legal characteristic of an insurance policy?
- AThe contract is one of adhesion, meaning the insurer drafts the policy and retains the right to resolve any contract ambiguities in their own favor.
- BThe contract is unilateral, meaning the insured's initial premium payment is the only legal consideration required to execute the policy.
- The contract is aleatory, meaning the exchange of monetary value is unequal and depends on an uncertain future event.Cevap
- DThe contract relies on utmost good faith, meaning the insured's statements on the application are treated as absolute warranties rather than representations.
Cevap
The contract is aleatory, meaning the exchange of monetary value is unequal and depends on an uncertain future event.
The correct answer identifies that insurance policies are aleatory contracts. An aleatory contract involves an unequal exchange of values where the outcome depends on an uncertain future event (the injury). In this scenario, the insured paid very little in premium compared to the large benefit received from the insurer.
Adım Adım Çözüm
Anahtar Kavram
Aleatory Contracts