Multiple choice

Which among the following cannot be an element in a valid insurance contract?

  1. Offer and acceptance

  2. Coercion

  3. Consideration

  4. Legality

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

There are five requirements for a valid insurance contract. These are:  -insurable interest

-legal capacity

-consideration

-meeting of the minds

-offer and acceptance

Thus, option 2 is the correct answer.