Which of the following situations describes a representation? OA An insurance company guarantees that pollicy benefits will be paid promptly on receipt of a Proof of Loss OB. An insurance company guarantees that premiums paid will be refunded within 30 days after the policy's effective date if an insured is desatisfied with the policy A prospect's statement on an application that is held to be substantially true OC OD. A prospect's statement on an application that is held to be absolutely true

Which of the following situations describes a representation? OA An insurance company guarantees that pollicy benefits will be paid promptly on receipt of a Proof of Loss OB. An insurance company guarantees that premiums paid will be refunded within 30 days after the policy's effective date if an insured is desatisfied with the policy A prospect's statement on an application that is held to be substantially true OC OD. A prospect's statement on an application that is held to be absolutely true

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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