A Coinsurance Clause Provides That After the Lapse of a Specified

question 16

True/False

A coinsurance clause provides that after the lapse of a specified time the insurer cannot dispute the policy on the ground of misrepresentation or fraud of the insured or similar wrongful conduct.

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Definitions:

Net Value

The actual worth of an asset, business, or investment after deducting all liabilities, obligations, or costs.

Enterprise Stages

The various phases or periods of growth and development that a business or organization goes through, from start-up to maturity.

Customer Request

A specific demand or requirement stated by a customer regarding the purchase or customization of a product or service.

Cycle View

An approach in supply chain management focusing on the continuous processes of procurement, production, and distribution as recurring cycles.