Consideration in Insurance
Consideration is an exchange of value between parties of the contract. The insurance company provides consideration by promising to pay a covered loss. The insured provides consideration, as well as an offer to buy, through the statements on the application and payment of premium.
#insurance #asset #healthcare #medical #financial #cryptoasset
Consideration in Insurance Consideration is an exchange of value between parties of the contract. The insurance company provides consideration by promising to pay a covered loss. The insured provides consideration, as well as an offer to buy, through the statements on the application and payment of premium. #insurance #asset #healthcare #medical #financial #cryptoasset
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