Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the following elements except:
a. offer and acceptance,
b. conditions,
c. consideration,
d. legal purpose

The correct answer is B. conditions.

Explanation:

The general conditions are the texts of the standard contracts, which must be used by insurance companies in the contracting of insurance, which contain the regulations and stipulations that govern the respective contract.

These conditions must contain, at least, the following stipulations related to: coverage and insured matter; exclusions; obligations of the insured; aggravation or alteration of risk; insured statements; premium and effects of your non-payment; claim reporting procedure; insurance termination; communication between the parties and, in general, all those matters destined to regulate the contract that do not constitute particular conditions of the same.

b is your answer toy your queston

explanation:

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.