Stella Blue gets in a serious car accident 2 months after buying a new policy and only paying $700 in premiums. Her insurer had

Question

Allushta [10]

4 years ago

6

Stella Blue gets in a serious car accident 2 months after buying a new policy and only paying $700 in premiums. Her insurer had

to pay $500,000; this is an example of what type insurance contract characteristic?

Mathematics

1 answer:

Korolek [52] · Answer 1 · 2021-11-16T04:41:16+03:00

Answer:

Aleatory

Step-by-step explanation:

This is an example of Aleatory type of insurance contact.

Definition:

A contract preoccupied with an unclear occurrence that delivers for imbalanced transfer of worth between the parties. Insurance plans are discretionary investments and, after sustaining a reported loss, a person must pay premiums for many years. Most insurance policies are aleatory contacts.