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When an insured makes truthful statements on the application for insurance and pays the required premium, it is known as which of the following? 1. Contract of adhesion 2. Acceptance 3. Consideration 4. Legal purpose

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When an insured makes truthful statements on the application for insurance and pays the required premium, it is known as which of the following?
1. Contract of adhesion
2. Acceptance
3. Consideration
4. Legal purpose

 
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