Multiple Choice
Match the descriptions with their terms:
-The principle of _________________ imposes a higher standard of honesty on parties to an insurance agreement than is imposed in ordinary commercial contracts.
A) aleatory contract
B) Concealment
C) contract
D) Estoppel
E) express
F) insurable interest
G) insurance
H) large-loss principle
I) reasonable expectations
J) representation
K) requisites of insurable risk
L) subrogation
M) utmost good faith
N) waiver
O) warranty
Correct Answer:

Verified
Correct Answer:
Verified
Q43: Social insurance needs advance funding to operate
Q44: The type of warranty that must exist
Q45: A life insurance contract is not a
Q46: In most states even if a warranty
Q47: Which of the following represents a risk
Q48: The principle of adhesion states that ambiguities
Q50: Match the descriptions with their terms:<br>-Implied warranties
Q51: An agent who has authority to perform
Q52: A broker is a legal agent of
Q53: Most life and health insurance contracts contain