Practice Quiz

Health and Life Insurance

Category - Health and Dental

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The parties to an insurance contract include the __________ and the __________.
  1. Underwriters / Actuaries
  2. Applicant / Insurer
  3. Applicant / Underwriters
  4. Insurer / Underwriters
Explanation
Answer: B - The parties to an insurance contract include the applicant and the insurer. In many cases, the applicant of an insurance policy will also be the insured. Both parties to the contract may technically be at risk of giving more than they receive back from the other.
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