Answer: When an insurer approves a prepaid application
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In forming an insurance contract when does acceptance usually occur?
In forming an insurance contract when does acceptance usually occur ? A. When an insurer delivers the policy B. When an insurer receives an application C. When an insured submits an application D. When an insurer's underwriter approves coverage 6. …
In forming an insurance contract acceptance usually occurs when the insurance company accepts the insurance applicant's offer or application for... See full answer below.
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Insurance Contracts - thismatter.com
When is a Policy of Insurance Made? Acceptance of Offer ...
Most insurance companies will not allow insurance to be in a minors name. The reason for this is that an insurance policy is a legally binding contract and a minor cannot usually sign such a contract .
Tue Sep 22 2015 · Insurance like every other contract is formed when there is an offer made that offer is accepted and consideration (payment or a promise to pay premium ) is given. In a diversity action a federal court must apply the choice-of-law ru...
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