The Failure by an Applicant to Disclose Material Facts That

question 75

Multiple Choice

The failure by an applicant to disclose material facts that an insurer does not know but has a right to know is called:

• A) misrepresentation.
• B) concealment.
• C) waiver.
• D) fidelity.

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Definitions:

Obedience

The act of following orders or directions from an authority figure, often studied in social psychology.

Social Loafing

The occurrence when people put in less effort towards achieving an objective while working in a group compared to when they are working solo.

Door-In-The-Face

A persuasion technique where a large, unreasonable request is made first and, when refused, is followed by a smaller, more reasonable request.

Compliance

The act of conforming to or following rules, guidelines, or instructions, often in a healthcare or legal context.