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  • 23-02-2022
  • Social Studies
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Insurance policies are considered aleatory contracts because.

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1126533 1126533
  • 23-02-2022

Answer

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Explanation:

Aleatory Contract — an agreement concerned with an uncertain event that provides for unequal transfer of value between the parties. Insurance policies are aleatory contracts because an insured can pay premiums for many years without sustaining a covered loss.

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