For an Insurance Applicant's Misrepresentation to Have Legal Consequences

question 10

Multiple Choice

For an insurance applicant's misrepresentation to have legal consequences:

• A)the insurer need not have relied on it as an inducement to enter the contract.
• B)the misrepresentation must be material.
• C)the applicant must have known it was false at the time the applicant made the statement.
• D)All of the above.

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Definitions:

Abnormal Behaviour

Actions or behaviors that deviate significantly from what is considered typical or usual for a given culture or society.

Projective Test

A type of psychological test that reveals information the person being tested cannot or will not report directly. Used to help clinicians form hypotheses about an individual’s personality. See also Rorschach inkblot test.

Psychological Assessment

A process by which professionals use a variety of tools and techniques to understand a person's behavior, personality, and capabilities.

Reliability

The extent to which a measurement instrument yields reliable and steady outcomes across different periods.