Aspen has been attending an insurance course and if he is a strong student he would inform you that

RISK MANAGEMENT AND INSURANCE

Aspen has been attending an insurance course and if he is a strong student he would inform you that, from the following items, which circumstance would be deemed as a sustainable defensible and reason for an insurer to dispute a policy subsequent to the end of the contestable policy period?


	A.	A situation where a significant misrepresentation had been made by the insured during the application process.
	B.	The loss ratio of the insurer is operating at a higher rate than the insurer anticipated.
	C.	A different individual was used by the insured to take the medical examination required for policy approval.
	D.	Concealment of a material fact by the policyholder during the application process.

Expert Solution

D. Concealment of a material fact by the policyholder during the application process.

Concealment of any fact during the agreement can be considered as a defense by the insurer to create a dispute.

keosha answered 2 years ago

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