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    5. An agreement between an insurance company and an agent, granting the agent authority to write insura

    Question

    An agreement between an insurance company and an agent,

    granting the agent authority to write insurance from that company is called?
    A Affirmative Warranty Correct Answer Incorrect Answer
    B Aggregate Limits Correct Answer Incorrect Answer
    C Aleatory contract Correct Answer Incorrect Answer
    D All-Risk Agreement Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    An affirmative warranty is a statement regarding a fact at the time the contract was made.

    Practice Next
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