« previous next »

Author Question: What is the legal significance of a material concealment by an insurance applicant? A) The ... (Read 63 times)

jerry coleman

  • Hero Member
  • *****
  • Posts: 570
on: Jul 11, 2018
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.


tmlewis4706

  • Sr. Member
  • ****
  • Posts: 295
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: B

Answer to Question 2

Answer: D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Types of suture material. Types of suture material.
Sociologists disagree about the relative significance of race and social class in determining social ... Sociologists disagree about the relative significance of race and social class in determining social ...
Sociologists disagree about the relative significance of race and social class in determining social ... Sociologists disagree about the relative significance of race and social class in determining social ...
Material Balance on Coolers in series Material Balance on Coolers in series
How to avoid car insurance claims How to avoid car insurance claims
The cube of insulating material shown in the figure has one corner at the origin. Each side of ... The cube of insulating material shown in the figure has one corner at the origin. Each side of ...
Video: Summary of female reproductive cycle days 1-28

For a complete list of videos, visit our video library