Q. What does political utility refer to in the context of product utilities?

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Q. Which type of utility refers to the financial power granted by a product?

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Q. What defines the philosophical utility of a product?

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Q. Which type of utility is decided by the sensory appeal of a product?

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Q. What are some issues related to the policy document of insurance products?

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Q. Where do many beneficiaries of insurance policies prefer to seek justice for disputes?

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Q. What is the basis on which insurance would be granted in most countries?

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Q. When is an insurance contract considered concluded?

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Q. In what condition are insurance contracts considered valid if payment is made by cheque?

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Q. What problem do insurers face with regards to 'unconcluded' contracts?

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Q. Who can enter into a contract as a proposer for an insurance product?

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Q. What is the minimum age requirement for a proposer to enter into a contract for an insurance product?

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Q. Can a minor person enter into a contract as a proposer for an insurance product?

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Q. Under what conditions can an illiterate person enter into a contract for an insurance product?

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Q. What option is available for a person with a physical deformity preventing them from signing to enter into a contract for an insurance product?

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Q. Who are the parties involved in a life insurance contract?

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Q. What is the relationship between the proposer and the life assured in a life insurance contract?

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Q. What does insurable interest mean in the context of a life insurance contract?

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Q. Who has an insurable interest in their employees?

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Q. What type of income stresses financial dependence and is considered for insurable interest?

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