Question

what are an applicant's statements concerning occupation, hobbies, and personal health history regarded as

Answer 1

Consideration clause is described as an applicant's statements concerning occupation, hobbies, and personal health history.

What is Consideration clause?

This clause is often used in insurance and contains information such as total amount which is due for coverage and when the payment is to be made for effective service delivery of the companies which are involved in this form of protection.

This also contains an applicant's statements concerning occupation, hobbies, personal health history and other types of information necessary for the plan. This is used to calculate the amount which is to be paid by the subscriber as at when due in this type of scenario.

This is therefore the reason why consideration clause was chosen as the most appropriate choice.

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