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:

Written records

Documented accounts of events, decisions, or observations that provide evidence or information.

Community attitudes

The prevalent beliefs, values, and norms shared by people in a community, influencing their behavior and perspectives.

Archival research

A research method involving the use of existing records or documents to investigate historical or current phenomena.

Researchers

Individuals who engage in the systematic investigation into and study of materials and sources to establish facts and reach new conclusions.