Question

Which among the following cannot be an element in a valid insurance contract?

a.

Offer and Acceptance

b.

Coercion

c.

Consideration

d.

Legality

Posted under IC38 Life Insurance Agent Exam

Answer: (b).Coercion Explanation:Coercion is not an element of a valid insurance contract but rather an impediment to its validity. Coercion involves the use of force or threats to pressure one party into an agreement. In the context of contracts, including insurance, coercion can render a contract void or voidable, as it does not involve free and voluntary consent. Coercion is not an element of a valid insurance contract but an act that can invalidate a contract by undermining the requirement of free and voluntary consent, which is essential for the validity of any contract.

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Q. Which among the following cannot be an element in a valid insurance contract?
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