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medulla medulla
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6 years ago
Jasmine phones her agent to obtain auto insurance. The agent binds coverage over the phone, and tells her she will have a $250 collision deductible. When the insurer issues the policy, the underwriter imposes a $1,000 deductible because of Jasmine's poor driving record, then mails her the policy. She does not read it or notice this change until she has an accident six months later. She then demands that the insurer only require a $250 deductible rather than a $1,000 deductible, since she did not approve this change. Which legal principle of insurance contracts would be the insurer's most convincing reason for refusing to honor the $250 deductible?
A) Contract of adhesion
B) Parol evidence rule
C) Indemnity
D) Utmost good faith
Textbook 
Introduction to Risk Management and Insurance

Introduction to Risk Management and Insurance


Edition: 10th
Authors:
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giddugiddu
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6 years ago
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medulla Author
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6 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
vanna2014
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Yesterday
Smart ... Thanks!
DaiwalkerX
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2 hours ago
This site is awesome
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