Question

which premium mode will have the lowest total cost for the policy *
monthly
semi - annual
quarterly
annual
which contract describes giving the option to either accept or reject the policy
aleatory
conditional contract
contract of a adhesion
unilateral
a producer tells a prospective insured that the policy dividends are guaranteed for the life of the proposed insured. the producer is guilty of
concealment
estoppel
fraud

Explanation:

1. For premium costs: Insurers add administrative fees to more frequent premium payments, so annual payments avoid these extra charges, resulting in the lowest total cost.
2. For contract type: A unilateral contract means only the insurer is legally bound to fulfill obligations once the insured accepts the policy, giving the insured the choice to accept or reject.
3. For producer misconduct: Knowingly making a false, guaranteed statement about non-guaranteed policy dividends to induce a purchase constitutes fraud.

Answer:

1. Annual
2. Unilateral
3. Fraud