Match the Descriptions with Their Terms

Multiple Choice

Match the descriptions with their terms:
-The doctrine of _________________ states that policy language should be interpreted as a layperson would comprehend it and not according to the interpretation of a trained underwriter.

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