- 1 Marks
Question
14. The document issued by the insurer to obtain material information that will form the basis of a contract of insurance is
A. Insurance policy
B. Proposal form
C. Insurance paper
D. Information document
E. Agreement paper
Answer
B
Explanation:
A proposal form is issued by the insurer to collect essential information from the insured, which becomes the basis of the insurance contract.
- Tags: Contract Basis, Documentation, Insurance, Proposal Form
- Level: Level 1
- Topic: Law Relating to Banking
- Series: NOV 2020
- Uploader: Dotse