An Applicant for Life Insurance Informs the Agent That He

Multiple Choice

An applicant for life insurance informs the agent that he has had rheumatic fever, but the agent fails to record this information for fear the application will be denied and he will lose a commission. The applicant signs the application, and in so doing, indicates that he has read the application and certifies its accuracy. Under which of the following doctrines, if any, might the insurer be denied the opportunity to void the policy if the facts are discovered?

A) subrogation,
B) indemnity,
C) insurable interest,
D) waiver,
E) none of these is applicable.