What is the legal significance of a material concealment by an insurance applicant?
A) The contract is automatically voided from its inception.
B) The contract is voidable at the insurer's option.
C) Loss payments are reduced by the degree of the concealment.
D) The insurer is immediately entitled to a higher premium.
Question 2
A false material statement made by an applicant for insurance is an example of
A) concealment.
B) breach of warranty.
C) lack of offer and acceptance.
D) misrepresentation.
Legal guidelines for recording
When the United States gets stuck over a controversial issue—usually something a divided Congress ca
Sociologists disagree about the relative significance of race and social class in determining social ...
A wrench after it has been forged but before the flashing (extra material around the wrench) has ...
Sheets are the most commonly used draping material.
Options for Legal Structures Cont