Which of the following statements about a warranty in an insurance contract is (are) true? I. It is part of the insurance contract. II. Statements made by an insurance applicant are considered warranties rather than representations
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: A
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A cash flow statement is one of the basic financial statements that is required under IFRS GAAP I. No Yes II. No No III. Yes No IV. Yes Yes ?
A) I B) II C) III D) IV
The "incontestability clause" found in life insurance policies:
A. allows the insurer to contest its liability on the policy only if the policy has been in force for a specified period of time. B. allows the insurer to object on the basis of absence of insurable interest. C. bars the insurer from objecting on the basis of the purchase of the policy with the intent to murder the insured. D. bars an insured from reinstating a lapsed policy that has not been surrendered for its cash surrender value.
Comparing the number of bytes processed per nanosecond by each computer is an example of using nonfinancial data analysis
Indicate whether the statement is true or false
Which of the following is sometimes considered to be a sixth-S?
a. Scrap b. Satisfaction c. Self-awareness d. Safety