Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Anna was recently diagnosed with a 95 percent blockage in an artery in her brain. She obtained life insurance coverage from Cromley's Life Insurance Company

Anna was recently diagnosed with a 95 percent blockage in an artery in her brain. She obtained life insurance coverage from Cromley's Life Insurance Company shortly after the diagnosis. Anna answered "no" to the questions on the life insurance application concerning preexisting conditions. She was aware the coverage might be rejected by Cromley if she shared the information about the probability of a stroke. If Anna dies from a stroke, which one of the following must Cromley Life Insurance Company prove to deny Anna's beneficiary's claim? Select one: A. Rescission B. Concealment C. Material fact D. Duress

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

Smith and Roberson Business Law

Authors: Richard A. Mann, Barry S. Roberts

15th Edition

1285141903, 1285141903, 9781285141909, 978-0538473637

More Books

Students also viewed these Law questions

Question

3.4 in a data-driven fashion. pg18

Answered: 1 week ago