Question

S takes out a health insurance policy which contains a provision that states that the agent does not have the authority to change the policy or waive any of its provisions. Which health policy provision is this?
1. Legal Actions
2. Insurance with other insurers
3. Entire Contract
4. Reinstatement

Answer 1

Answer:

Option "3" is the correct answer for the following situation.

Entire Contract

Explanation:

S takes out a whole contract of medical insurance which includes a clause specifying that the provider has no power to change the contract or to remove any of its clauses.

• The entire contract is a type of agreement where both sides need to deliver on the promise in a contract.

• The purpose of this sort of contract is to satisfy the whole of the contract. This kind of contract is also referred to as an indivisible contract.