Multiple Choice
Which of the following best defines concealment?
A) It is a willful failure to disclose any information pertinent to the insurance contract by the insured.
B) It is an unintentional failure to disclose any information pertinent to the insurance contract by the insurer.
C) It is an unintentional failure to disclose any information pertinent to the insurance contract by the underwriter.
D) The mortgagee has an insurable interest towards half the loan amount It is a willful failure to disclose any information irrelevant to the insurance contract by the insurer.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: A "binder" on an insurance policy is
Q2: The danger of a loss of, or
Q3: The maximum amount that the insurer agrees
Q4: A creditor has insurable interest in the
Q6: Which of the following best defines subrogation?
Q7: A minor may disaffirm an insurance contract,
Q8: Give some examples of an insurable interest
Q9: Which of the following best defines insurance?
Q10: To contract for a policy of insurance,
Q11: An insurer is a party who purchases