Showing posts with label offer and acceptance. Show all posts
Showing posts with label offer and acceptance. Show all posts

Friday, 23 March 2012

OFFER AND ACCEPTANCE


Offer and Acceptance By applying for insurance, the first thing you do is get the nomination form of a particular insurance company. After filling in the information requested, we will send the form to the company. This is your offer. If the insurance company accepts your offer and agrees to secure, this is called an acceptance. In somecases, the insurer may agree to accept your offer after making some changes in the terms proposed.