Which of the Following Statements About Insurance Is True

Multiple Choice

Which of the following statements about insurance is true?

A) The 'cover note' is the proposal form completed by the insured.
B) A proposal form is an offer of insurance which the insured can choose to accept by completing it.
C) The provision by the insurer of the proposal form for completion by the insured is acceptance of the insured's verbal offer.
D) An 'insurance agent' acts on behalf of the insurance company.