Which of the following statements about consideration in an insurance contract is (are) true?

Which of the following statements about consideration in an insurance contract is (are) true?



I. The insured's total consideration is submission of a completed application.
II. The insurer's consideration is the promise to do those things specified in the policy.


A) I only
B) II only
C) both I and II
D) neither I nor II


Answer: B) II only

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