An Untrue Statement by a Person Applying for Insurance Cover

question 25

Multiple Choice

An untrue statement by a person applying for insurance cover is not a misrepresentation if that person:

• A)had not checked to find out if the statement was true.
• B)honestly believed the statement to be true.
• C)provided an answer that was obviously incomplete or irrelevant.
• D)all of the above.

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Definitions:

Corporate Strategy

The overall direction and scope of an organization over the long term, which achieves advantage in a changing environment through its configuration of resources.

Business Strategy

A plan of action designed to achieve a long-term or overall aim in the realm of commerce and management.

Branding Strategy

A long-term plan for the development of a successful brand in order to achieve specific goals, primarily focused on differentiating itself from competitors.

Business Strategy

A plan of action designed to achieve a company's long-term goals and compete effectively in the market.