1 points Save Answer QUESTION 1 All of the folowing statements conceming the legal characteristics of insurance contracts are correct EXCEPT O An insurance cortract is a personal contract and follows the person rather than any property concemed Insurance contracts are conditional in nahure that is, the failue of one party to perform elieves the other party of his or her obligations O An insurance oontract is a "eontract of adhesion' whereby the insurer prepaes all contract provisions and the policy owner either accepts or rejects the polcy as propared (adheres to it Otis generaly held that where the bers of an insurance policy are ambiguous, obscure, or susceptible to more than one interpretation, the construction most favorable to the insurer will prevail Save Answer 1 points QUESTION 2 Which of the following statements conceming the insurance tem "indety and "subrogion is/are comect? LSubrogation is the ight of the insure pon paying the insued for a loss to have the right to ooect what was paid rom a responsble thd party domnity is a concept whereby an inred is entited to payment only to the extert of an actal financal los 1 only O2 only Both 1 and 2 Nether 1 nor 2 1 points Save Answer QUESTION 1 All of the folowing statements conceming the legal characteristics of insurance contracts are correct EXCEPT O An insurance cortract is a personal contract and follows the person rather than any property concemed Insurance contracts are conditional in nahure that is, the failue of one party to perform elieves the other party of his or her obligations O An insurance oontract is a "eontract of adhesion' whereby the insurer prepaes all contract provisions and the policy owner either accepts or rejects the polcy as propared (adheres to it Otis generaly held that where the bers of an insurance policy are ambiguous, obscure, or susceptible to more than one interpretation, the construction most favorable to the insurer will prevail Save Answer 1 points QUESTION 2 Which of the following statements conceming the insurance tem "indety and "subrogion is/are comect? LSubrogation is the ight of the insure pon paying the insued for a loss to have the right to ooect what was paid rom a responsble thd party domnity is a concept whereby an inred is entited to payment only to the extert of an actal financal los 1 only O2 only Both 1 and 2 Nether 1 nor 2