Contracts of Insurance Contain Statutory Terms That Require,for Example,that the Insured

question 26

Essay

Contracts of insurance contain statutory terms that require,for example,that the insured give prompt notice to the insurer of any loss suffered by the insured.If the insured fails to meet such terms,what effect does it have on the contract of insurance?

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Definitions:

Ulysses Grant

The 18th President of the United States (1869-1877) and a prominent Union general during the American Civil War, known for his leadership and efforts to reunify the nation.

South Carolina

A state in the southeastern United States known for its subtropical beaches, marshlike sea islands, and historical significance in the American Civil War.