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JamesLu JamesLu
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6 years ago
Bob purchased insurance on his home with an insurer that was not licensed to do business in the state. In this case, which requirement to form a binding insurance contract is lacking?
A) exchange of consideration
B) offer and acceptance
C) legal purpose
D) competent parties
Textbook 
Principles of Risk Management and Insurance

Principles of Risk Management and Insurance


Edition: 12th
Authors:
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