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Know what happens if one back dates a life insurance policy




Backdating an insurance policy

Backdating an insurance policy


What term best describes the act of withholding material information that would be crucial to an underwriting decision? It is issued to group insurance participants. Strict liability is commonly applied in product liability cases. Fraud would be grounds for voiding the contract. When an insurer and insured enter into a contract, both parties must be of legal age and mentally competent. The coinsurance clause states that, in consideration of a reduced rate, the insured agrees to maintain a certain minimum amount of insurance on the insured property. Events in which a person has both the chance of winning or losing are classified as Sally has a property insurance policy that is not subject to any coinsurance requirements. Which of the following definitions best defines the term "accident"? Which of the following best describes an unfair trade practice of defamation? The application given to a prospective insured.

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Backdating an insurance policy


What term best describes the act of withholding material information that would be crucial to an underwriting decision? It is issued to group insurance participants. Strict liability is commonly applied in product liability cases. Fraud would be grounds for voiding the contract. When an insurer and insured enter into a contract, both parties must be of legal age and mentally competent. The coinsurance clause states that, in consideration of a reduced rate, the insured agrees to maintain a certain minimum amount of insurance on the insured property. Events in which a person has both the chance of winning or losing are classified as Sally has a property insurance policy that is not subject to any coinsurance requirements. Which of the following definitions best defines the term "accident"? Which of the following best describes an unfair trade practice of defamation? The application given to a prospective insured.

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3 thoughts on “Backdating an insurance policy

  1. [RANDKEYWORD
    Jugis

    An insurance agency could purchase an errors and omission insurance policy, which would provide protection in the event of any of the following events EXCEPT An insured's business is damaged because of a fire, and he is forced to close the business temporarily for repairs.

  2. [RANDKEYWORD
    Votaur

    What type of loss is this? It is imposed on defendants engaged in hazardous activities.

  3. [RANDKEYWORD
    Garr

    Consideration on the part of the insured is the payment of premiums and the health representations made in the application.

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