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Fundamental Legal Concepts
Basic Principles of Contract Law
Formation of a Life Insurance Contract Part 1
17 other sections not shown
accept action advertising agency law agreement aleatory apparent authority applicant's application beneficiary designation broker cash value ChFC claim clients collateral assignment common law community property company's condition contestable period contingent beneficiary contract of adhesion courts coverage created creditors death benefit deceased decision delivery dividend effect enforce equitable remedy equity estoppel ethical example exemption exist fact federal fraud grace period incontestable clause initial premium insurable interest insurance company insurance contract insurance policy insurance producers insured's death interpleader intestacy irrevocable beneficiary issued jurisdictions liability limited material misrepresentation obligation owner ownership payable permitted person policy loans policy provision policy's policyowner policyowner's practice premium payment presumption of death principal professional protection receipt reinstatement relationship renewal premiums rescission revocable rule settlement option specific spouse statement statutes suicide surviving third party third-party beneficiary trust underwriting unilateral contract usually validity waive waiver