Multiple Choice
Match the descriptions with their terms:
-A statement made by an applicant for insurance before the contract is effected is a/an _________________.
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
Q34: An insurer will not accept risks that
Q35: Match the descriptions with their terms:<br>-A/An _
Q36: An insurance policy is an aleatory contract,
Q37: Which of the following is false?<br>A) An
Q38: The large-loss principle states that people should
Q40: An agent is a representative of the<br>A)
Q41: Social insurance does not have which of
Q42: An exception to the principle of indemnity
Q43: Social insurance needs advance funding to operate
Q44: The type of warranty that must exist