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.

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