To be valid and enforceable, insurance contracts must meet which general legal requirements?

Business

1 answer:

liq [111]3 years ago

5 0

Answer and explanation:

There are four (4) legal requirements insurance contracts must meet to be considered valid and enforceable: the contract must have a legal purpose; both parties must have legal capacity to sign the contract; both parties must show proof that they agreed in the terms (benefits and obligations) of the contract; and, there must be a payment agreement for the services to be rendered.

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