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1. Fill in the blanks with the words that best complete the passage. Tobe covered by an insurance policy, the insured and insurer must enter

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1. Fill in the blanks with the words that best complete the passage. Tobe covered by an insurance policy, the insured and insurer must enter into a valid beer#that meets all of the common law requirements. When a person sends in an application and premium to an insurance company, this constitutes an) scentract to enter into an insurance policy After receiving an appication, an insurance company may met * the offer by delivering the policy to the insured. Ani rence company may send an applicant for an insurance pol ya n Der#that acknowledges acceptance of the application and offers a n _d with final acceptance subject to the review of the application

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