Home » mcq » Insurance » An insurance contract terminates after _________ is paid.
Loan
Human Life Value
Economic value
Claim
Answer is Wrong!
Answer is Right!
The correct answer is D. Claim.
An insurance contract terminates after a claim is paid. This is because the purpose of an insurance contract is to provide financial protection in the event of a loss. Once the loss has been covered
11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/>
Subscribe on YouTube
by the insurance company, the contract is no longer needed.
The other options are incorrect. A loan is a sum of money that is borrowed from a lender and must be repaid with interest. Human life value is the economic value of a person’s life, which is typically calculated based on their income, age, and health. Economic value is the value of something in terms of money.
I hope this helps! Let me know if you have any other questions.