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Which of the Following Statements About a Warranty in an Insurance

question 38

Multiple Choice

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.


Definitions:

Observable Behavior

Actions of an individual that can be seen or measured directly, as opposed to thoughts or feelings which are internal.

Inner Sensations

Personal feelings and perceptions that occur within oneself, often not observable by others.

American Philosopher

A thinker from the United States who contributes to the field of philosophy, dealing with subjects such as ethics, logic, metaphysics, and epistemology.

William James

A philosopher and psychologist who is considered the father of American psychology, known for his theories on pragmatism and functionalism.

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