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