Which of the following statements regarding warranties and representations is true? I. Under the doctrine of warranty, a policy can be voided based on a false statement by the insured even if the statement does not involve a material fact. II. Under the doctrine of representations, a policy can be voided only if a statement by an insured can be shown to be both false and material. neither I nor II both I and II Il only I only A shipping company is the insured under an ocean marine cargo insurance policy. In the policy, the shipowner promised that it would not take an insured vessel outside specifically described waters. The promise to stay within the described waters as a condition of having the insurance coverage in force is a: representation binder waiver warranty Under which of the following legal doctrines is it necessary to prove that an applicant acted intentionally in order for an insurer to void coverage or deny payment of a claim? I. Doctrine of Warranty II. Doctrine of Representation III. Doctrine of Concealment I only III only II and III only I, II, and III II only