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In Business / College | 2025-07-07

Which of the following terms describes the moment when an insurer issues a policy?
A. Proposal
B. Consideration
C. Acceptance
D. Offer

Asked by kmullins67

Answer (1)

The moment an insurer issues a policy is called Acceptance , which occurs after the applicant's proposal is reviewed. Other related terms include proposal, consideration, and offer, each representing different stages in the insurance process. Understanding these terms can aid in grasping how insurance contracts work. ;

Answered by GinnyAnswer | 2025-07-08

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