Transcript text: For each definition on the left, select (drag and drop) the correct term from below.
Agreement that exists before a contract is issued.
Intentional relinquishment of a known right.
The price each party demands for agreeing to carry out his or her part of the contract.
Situation in which insureds have no input in the design of a policy's terms.
Situation when the insurer or its agent leads an insured to believe coverage exists, and thus the insurer cannot later claim that no coverage existed.
Waiver
Indemnity
Adhesion
Subrogation
Concealment
Estoppel
Representations
Consideration
Binder