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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