Which of the Following Would Be a Valid Reason for an Insurer

question 8

Multiple Choice

Which of the following would be a valid reason for an insurer to contest a policy after the contestable period has ended?

• A)The policyholder made a material misrepresentation in the application process.
• B)The insurer's loss ratio is running higher than the insurer anticipated.
• C)The applicant had someone else take the medical examination required for policy approval for her.
• D)The policyholder concealed a material fact at the time of application.

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Definitions:

Ideological Changes

Shifts in the underlying beliefs, values, and principles that drive political, economic, or social policies and behaviors within a society.

Third Parties

Political parties that compete alongside the two dominant parties in a two-party system, often representing specific or alternative interests.

U.S. Political System

A democratic system of government characterized by a constitution, federalism, separation of powers, checks and balances, and a two-party system.

Great Depression

A severe worldwide economic downturn that took place during the 1930s, starting in the United States.