Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. the insurer must be able to rely on the statements

The insurer must be able to rely on the statements in the application, and the...

50.1K

Verified Solution

Question

Finance

The insurer must be able to rely on the statements in the application, and the
insured must be able to rely on the insurer to pay valid claims. In the forming of an
insurance contract, this is referred to as
A. Reasonable expectations.
B. A warranty.
C. Utmost good faith.
D. Implied warranty.
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Norman Borlaug has a wheat farm which produces 20,000 units and typically can produce them for...

Finance
Q

Complete the problems listed below relating to BIO-SCI Corp for its employee, Jone Lee. For each...

Accounting
Q

2. Microbes are important in our lives because...O A. they are used to produced food...

Biology
Q

We can eat animalflesh that has beensoftened by proteindenaturation. Whatcompound wouldexpedite thistenderization?A. Fatty AcidB. WaterC....

Biology
Q

2 The image below shows a club fungus A club fungus has an erect above...

Biology
Q

The path of a satellite orbiting the earth causes the satellite to pass directly over...

Calculus
Q

The graph below shows the functions f x and g x 5 g x b...

Algebra
Q

1.) Determine the ending balance of Materials Inventory 2.) Determine the total amount of manufacturing...

Accounting
Q

Problem 5-19A Effect of different inventory cost flow methods on financial statements The...

Accounting
Q

Shearers Foods, part of the $374 billion global snack food industry, employs 3,300 people in...

Accounting
Q

S12-3 (Learning Objective 2: Evaluate operating cash flows

Accounting
Q

Identify the challenges of Corporate Governance in the public Sector Identify the challenges of Corporate...

Accounting