Florida Claims 3902

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Peril - ANSWER Somthing t√dhat causes a loss. Hazard - ANSWER Something that increases the probability that a loss will occur. Warranty - ANSWER A policy condition, either based on information in the insureds application or inserted by the insurer. It is a guarantee of a fact. Misrepresentation - ANSWER An untrue statement by the insured, made in an application for insurance but which does not become a part of the policy. Concealment - ANSWER The failure of the insured to reveal relevant...

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Exam (elaborations)
• 14 pages's •
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uploaded 2024

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Florida Claims 3902 • Florida Claims 3902