Which of the following statements regarding representations is CORRECT?
A) Representations are statements the applicant may or may not believe to be true.
B) A representation must be material for the insurer to void the contract.
C) If a representation is false on a material point, the insurer may alter the contract but may not rescind it.
D) A representation is guaranteed to be true."
Ans: B) A representation must be material for the insurer to void the contract.
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