Multiple Choice
Does an innocent misrepresentation in an application for general insurance entitle the insurer to refuse to pay a claim?
A) No,but they can reduce their liability to nil if they can show that would not have entered into the contract if the misrepresentation had not been made.
B) Yes,the insurer can refuse,but only if the insurer is in a different position than they would have been had the misrepresentation not been made.
C) Yes,the insurer is entitled to avoid the contract entirely.
D) No,the insurer cannot refuse to pay the claim.
Correct Answer:
Verified
Correct Answer:
Verified
Q31: To whom may an insured apply in
Q32: A life insurance policy is a contract
Q33: Which of the following statements about the
Q34: An insurer is responsible for the actions
Q35: Subrogation applies to all contracts of insurance.
Q37: Where an insured party intentionally understates their
Q38: An employee of an insurance company who
Q39: In the context of an insurance policy,'market
Q40: Explain why it is important for an
Q41: An insurance broker is:<br>A)an employee of an