Mort Law Test 5

a contract that transfers risk of financial loss for a fee

the company issuing an insurance policy

the person protected against loss

the person who received the proceeds of life insurance policy

a written contract of insurance

consideration paid by the insured

danger of loss

factors contributing to risk

can crazy people be insured?

can a minor assert an insurance contract?

is the willful failure to disclose pertinent information

this is how something is presented

this is a statement or promise of the insured that relates to the risk and appears in the contract

is the right of the insurer under certain circumstances to assume the legal rights of the insured

is when one party leads the second to a false conclusion that the second parties relies upon

covers damage when a car strikes an object or object strikes a car

covers windstorm, earthquake, flood, strikes, malicious mishcief, subersion in water, riot, hail, falling aircraft

negligent driver recovers if other driver had one last clear chance to void injury

reduces but does not bar recovery