Insurance Exam Questions and
Answers
Factors Making Contract Legal - ANSWER- Offer
- Acceptance
- Legal Purpose
Acceptance - ANSWERDelivery of an insurance contract
Contract Of Adhesion - ANSWERAmbiguities that appear in future decided in
favor of insured
Representations - ANSWERStatements made by an applicant in an insurance
application
Warranty - ANSWERA statement made by an applicant for insurance that is
guaranteed to be absolutely true and is part of the contract
Waiver - ANSWERConsidered a voluntary relinquishment of a known right
Fraud - ANSWERDeliberate or intentional deceit by making false statements