In the Absence of Exclusion in a Life Insurance Contract

question 37

True/False

In the absence of exclusion in a life insurance contract, a court is most likely to construe any cause of death to be one of the insurer's risks.

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Definitions:

Homoscedasticity

A condition in statistical modeling where the variance of the error terms is constant across all levels of the independent variables.

Normality

In statistics, a property describing data sets whose distribution bell-shaped and symmetric about the mean, following the normal distribution pattern.

Multicollinearity

Multicollinearity occurs when independent variables in a regression model are highly correlated, potentially distorting the model's predictions.

Variance Inflation Factor

A metric that quantifies the severity of multicollinearity in regression analysis.