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If an insurance company issues a policy on a unilateral basis, what does that mean? Group of answer choices It is a universal contract with

If an insurance company issues a policy on a unilateral basis, what does that mean?

Group of answer choices

It is a universal contract with all legal requirements shared by all parties involved

It is a one-sided contract with all the legal requirements on the part of the insurance company

It is a one-sided contract with all the legal requirements on the part of the policyholder

It is a universal contract with the legal requirements shared by policyholder and beneficiary

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