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:

U.S. Households

Refers to living arrangements or economic units in the United States consisting of one or more people who occupy a housing unit.

Informational Efficiency

A characteristic of financial markets where all relevant information is quickly and accurately reflected in security prices, allowing for fair and efficient trading.

Active Trading

The buying and selling of securities with the intent of profiting from short-term price movements.

Securities Analysts

Securities Analysts are professionals who evaluate and report on the potential of investments, including stocks, bonds, and other securities.