Which of the Following Best Defines Concealment

question 5

Multiple Choice

Which of the following best defines concealment?

• A)It is a willful failure to disclose any information pertinent to the insurance contract by the insured.
• B)It is an unintentional failure to disclose any information pertinent to the insurance contract by the insurer.
• C)It is an unintentional failure to disclose any information pertinent to the insurance contract by the underwriter.
• D)The mortgagee has an insurable interest towards half the loan amount It is a willful failure to disclose any information irrelevant to the insurance contract by the insurer.

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Definitions:

Organization's Strategy

An enterprise-wide plan, focusing on defining and achieving the organization's long-term goals and objectives.

Distinctive Competencies

Unique strengths or advantages that distinguish an organization from its competitors, often contributing to superior performance.

Knowledge Competencies

The blend of skills, abilities, and expertise that individuals or organizations possess, which are essential for effective performance.

Skills Development

The enhancement of an individual's job-related skills and capabilities through training and education.