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What is contract of adhesion in insurance?

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in Insurance by (82.5k points)
What is contract of adhesion in insurance?

The query is from Insurance

This question was posed to me during an interview.

Other related questions to my question are:-

What is contract of adhesion in insurance?

What are contract of adhesion in law?

What is a contract of adhesion give a concrete example explain?

Is life insurance a contract of adhesion?

1 Answer

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by (393k points)
The correct answer is: Contract of Adhesion — a contract offered intact to one party by another under circumstances requiring the second party to accept or reject the contract in total without having the opportunity to bargain over the wording.

The title of my answer is Contract of Adhesion | Insurance Glossary Definition | IRMI.com

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