Private insurance is NOT designed to effectively protect insureds against which

Question

Private insurance is NOT designed to effectively protect insureds against which type of risk? Select one: a. Property O b. Pure O c. Liability d. Fundamental Which of the following statements about the entire contract clause is true? Select one: O a. It allows the insurer to void a policy if the insured made representations to the agent when the policy was purchased O b. It specifies that all statements in the application are considered warranties c.t specifies that the life insurance policy and the attached application constitute the complete agreement between the parties d. It prevents the insurance company contesting a policy after it has been in force fortwo years during the lifetime of the insured from

Explanation / Answer

d) Fundamental Risk
A risk intrinsic to the state of being, or an absolute hazard produces no uncertainty about whether the loss will occur, making the risk commercially uninsurable so Fundamental Risk is not effectively insured under Private Insurance.

According to Chegg Expert policy i am only allowed to answer one question. Hence heres only answer of first question with explaination. Hope you understand. Have a good day!

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.