This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is the legal significance of a material misrepresentation in an insurance application? A) ... (Read 40 times)

geoffrey

  • Hero Member
  • *****
  • Posts: 880
on: Jul 11, 2018
What is the legal significance of a material misrepresentation in an insurance application?
 
  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 misrepresentation.
  D) The insurer is immediately entitled to a higher premium.

Question 2

Which of the following statements about subrogation is true?
 
  A) It is used primarily for losses paid under life insurance policies.
  B) It allows the insurer to sue its own insured who is negligent.
  C) The insured's right to collect benefits may be forfeited if the insured interferes with the insurer's subrogation rights after a loss occurs.
  D) The insurer is required to exercise its subrogation rights.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

SeanoH09

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: B

Answer to Question 2

Answer: C


geoffrey

  • Member
  • Posts: 880
Reply 2 on: Jul 11, 2018
Gracias!

dawsa925

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Items that would be difficult to replace bearing legal significance are sent by certified mail. Items that would be difficult to replace bearing legal significance are sent by certified mail.
Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages
Material Balance on the process pipe and the separator Material Balance on the process pipe and the separator
Advanced functions application Advanced functions application
Application and Integration Application and Integration
Application And Integration Application And Integration
Video: Magnetic resonance imaging (MRI)

For a complete list of videos, visit our video library