Consideration on the part of the life insured in respect of a life ins – McqOptions

MCQOPTIONS

1.	Consideration on the part of the life insured in respect of a life insurance contract is
A.	A promise to take a new policy
B.	The insured’s promise to pay the premium under the policy.
C.	The payment made towards premium by the insured.
D.	Proposal completed and signed by the person.
Answer» C. The payment made towards premium by the insured.

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