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What is NOT an example of Exchange of Consideration: Please write Yes or No next to each situation. 1. An agent collects a deposit on

What is NOT an example of Exchange of Consideration: Please write Yes or No next to each situation.

1. An agent collects a deposit on a new policy.

2. The policyholder must comply with an audit because it was part of the insurance conditions.

3. The insurer can cancel a policy if the policyholder doesn't pay their monthly installment.

4. The principle of indemnity

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