The principle of adhesion states that ambiguities are construed against the insurer.
Correct Answer:
Verified
Q12: Insurance is often written when there is
Q13: An insurer will not accept risks that
Q14: Insurance cannot be written against arson because
Q15: The large-loss principle states that people should
Q16: An insurance policy is an aleatory contract,
Q18: A broker is a legal agent of
Q19: An agent may without authority perform some
Q20: Social insurance needs advance funding to operate
Q21: Without the insurance mechanism, the reserves needed
Q22: One social cost of insurance is attributed
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