If a Statute Requires That Any Limitations on Coverage Be

question 13

True/False

If a statute requires that any limitations on coverage be stated in an insurance contract, an insurer can avoid liability by relying on an unexpressed restriction.

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Definitions:

Agreed

The state or action of having the same opinion or decision about something with others.

Royals

Members of a royal family, typically referring to those with titles such as king, queen, prince, or princess.

Pennant

A flag that serves as a symbol of a sports team or a sign of victory in sporting competitions.

Red Giants

A phase in the life cycle of a star where it expands and cools after exhausting the hydrogen in its core, typically marked by a significant increase in size and a change in color to red.