Nick is applying for insurance with Security Insurance Company on certain pieces of his business property....

Nick is applying for insurance with Security Insurance Company on certain pieces of his business property. In the application, however, Nick fails to disclose various material facts that Security Insurance Company does not know but has a right to know. Nick has committed:

a. concealment.

b. fidelity.

c. misrepresentation.

d. waiver.

Solutions

Expert Solution

The correct answer is concealment i.e. option a.

Concealment is the term used for any act which refers to hiding facts from being known to the intended person.

keosha answered 1 year ago

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