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What makes an insurance policy a unilateral contract quizlet?

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What makes an insurance policy a unilateral contract quizlet?

I'd like to ask this question from Insurance subject matter

I have been asked this question during a job interview.

Other related questions to my question are:-

What makes an insurance policy a unilateral contract?

What is a definition of a unilateral contract quizlet?

Why are life and health insurance contracts considered unilateral?

What is an ambiguous insurance policy?

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The correct answer by me is: What makes an insurance policy a unilateral contract? Only the insurer is legally bound.

The title of my answer can be Xcel: Chapter 3 Flashcards | Quizlet

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