Which type of clause describes the following statement: "We have issued the policy in consideration of the representations in your applications and payment of the first-term premium".

Which type of clause describes the following statement: "We have issued the policy in consideration of the representations in your applications and payment of the first-term premium".


A) Premium clause
B) Consideration clause
C) Adhesion clause
D) Contestability clause


Answer: B) Consideration clause

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