[Answer] When an insured makes truthful statements on the application for insurance and pays the required premium it is known as which of the following?

Answer: Consideration

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When an insured makes truthful statements on the application for insurance and pays the required premium it is known as which of the following? When an insured makes truthful statements on the application and pays the required premium it is known as which of the following A) Consideration B) Legal Purpose C) Contract of adhesion D) Acceptance. Consideration. Another name for a substandard risk classification is A) Elevated when an insured makes truthful statements on the application for insurance and pays the required premium it is known as which of the following ? at the time of application when must insurable interest exist in a life insurance policy? When the insured makes truthful statements on the application for insurance and pays the required premium . it is known as witch of the following A. Consideration Witch of the following is called second to die policy When an insured makes truthful statements on the application for insurance and pays the required premium it is known as which of the following ? A. Legal purpose B. Contract of adhesion C. Acceptance D. Consideration When an insured makes truthful statements on the application for insurance and pays the requires premium it is known as what? Asked By Wiki User Unanswered Questions When an insured mak...

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