What characteristic of an insurance contract describes that it must be accepted as is by the insured?

The characteristic of an insurance contract that indicates it must be accepted as is by the insured is known as Contract Adhesion. This principle highlights that insurance policies are typically drafted by the insurer, which means the terms and conditions are non-negotiable for the insured party.

Contract Adhesion emphasizes that the insured has limited power to alter the terms of the policy and must accept the contract in its entirety without modification. This creates a relationship where the insurer holds the upper hand in defining the terms of the agreement. As a result, if there are any ambiguities or unclear terms in the policy, those are usually interpreted in favor of the insured under the doctrine of contra proferentem. This is a legal principle that suggests any ambiguity in a contract should be construed against the party that drafted it, which, in the case of insurance, is typically the insurer.

In contrast, the other options do not relate to the mandatory acceptance of the contract as written. Contract Negotiation implies that terms can be discussed and modified, which is not the case with standard insurance policies. Contract Rescission refers to the cancellation of a contract, often due to misrepresentation or mutual consent, rather than the acceptance of contract terms. Contract Coercion suggests that one party