True or False with explanation Determine and briefly explain whether the following statements about offer and acceptance

for insurance contracts is true. 11. In property and liability insurance, agents typically have the authority to bind coverage.

12. In life insurance, the agent can usually accept an offer by immediately binding coverage.

13. In property insurance, the offer and acceptance are usually in writing but may be oral.

14. In life insurance, the offer is merely the promise to pay the first premium.