Which of the Following Statements About the Entire Contract Clause

question 34

Multiple Choice

Which of the following statements about the entire contract clause is true?

• A)It allows the insurer to change the policy terms without the insured's consent.
• B)It specifies that all statements in the application are considered warranties.
• C)It specifies that the life insurance policy and the attached application constitute the complete agreement between the parties.
• D)It prevents the insurance company from contesting a policy after it has been in force for two years during the lifetime of the insured.

---

Definitions:

Short-termism

Emphasizing immediate outcomes over strategies that ensure long-term success.

Quarterly Earnings

Financial reports released by companies every three months, detailing earnings, expenses, and net profit during that period.

Energy Consumption

The total amount of energy used by individuals, organizations, or countries, often measured in joules, kilowatt-hours, etc.

GDP

Gross Domestic Product, which measures the market value of all final goods and services produced within a country in a given period.