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

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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

Insurance

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