Go to Part 5, Subpart 2 of Alberta's Insurance Act and review the 'Statutory Conditions'. Which one of the following statements is FALSE? Question 16 Select one: a. A prohibited use of the automobile by the insured includes not driving or operating the automobile in any race or speed test. cross out b. The insurer is liable for the cash value of the automobile as at the time of trial. cross out c. Where there has been loss or damage to persons or property, the insured shall not voluntarily assume any liability or settle any claim except at his own cost, or interfere in any negotiations for settlement or in any legal proceeding. cross out d. The insured must promptly notify the insurer or its local agent in writing of any change in the risk material to the contract and within his knowledge