Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

3) An insured person or business has a Duty to Disclose when first purchasing the insurance policy be it life or property or liability. a

3) An insured person or business has a "Duty to Disclose" when first purchasing the insurance policy be it life or property or liability.

a - What is mean by a Duty to Disclose

b - Give an example of what and when the insured should make sure they make a disclosure to the insurance company in order to be certain they will be paid should there be an event for which they make a claim

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Legal Environment Of Business Text And Cases

Authors: Frank B. Cross, Roger LeRoy Miller

9th Edition

1285428943, 9781305142947, 1305142942, 978-1285428949

More Books

Students also viewed these Law questions