In Insurance Policies with an Incontestability Clause Where the Insured

question 10

Multiple Choice

In insurance policies with an incontestability clause where the insured has misstated his or her age, the _____.

• A) insurer cannot contest its liability on the basis of the insured's misrepresentations
• B) insured can take advantage of a misstatement of age clause if the misrepresentation changes the premium by below 50 percent
• C) insurer cannot cancel the policy unless it discovers the misrepresentation within a specified time period
• D) insured can object on the basis of absence of insurable interest

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Definitions:

Evolving

The process by which species undergo gradual change over time through variations and natural selection.

Taxonomy

Branch of biology concerned with identifying, describing, and naming organisms.

Systemic Biology

An interdisciplinary field that focuses on the interactions and behavior of complex systems within biology, ranging from ecosystems to cellular networks.

Evolutionary Relatedness

The degree to which species share common ancestors and exhibit similarities in their genetic makeup and physical traits.