1A life insurance contract is a(n) _______________ because buyers must adhere to the terms of the contract already in existence with no opportunity to negotiate terms, rates, values, et. A. Aleatory Contract B. Contract of Adhesion C. Unilateral Contract D. Valued Contract E. Indemnity Contract

A(n) _________________ obligates on party (the insurer) in the contract.

A. Aleatory Contract B. Contract of Adhesion C. Unilateral Contract D. Valued Contract E. Indemnity Contract

If fraud is discovered after the contract has been in force for _____ years, it cannot be contested and any otherwise legitimate claims cannot be denied based on fraud, misrepresentation or concealment.

A. One B. Two C. Three D. Four

The voluntary surrendering of legal, given right is known as:

A. The parol evidence rule B. Estoppel C. A waiver D. Misrepresentation

The __________________ prohibits making any additional verbal changes to a contract once it becomes a written document.

A. Waiver B. Parol evidence rule C. Entire contract clause D. Policy beneficiary

____________ is the legal enforcement of a(n) ________________ A. Expressed, Waiver Submitted by: Matthew Smith-Barrett, Error! Reference source not found. 6 B. Entire contract clause, Policy beneficiary C. Estoppel, Parol evidence rule D. Estoppel, Waiver