Which of the following statements about the entire contract clause is true?

A) It allows the insurer to change the policy terms without the insured's consent.
B) It specifies that all statements in the application are considered warranties.
C) It specifies that the life insurance policy and the attached application constitute the complete agreement between the parties.
D) It prevents the insurance company from contesting a policy after it has been in force for two years during the lifetime of the insured.

Answer: C

Business

You might also like to view...

An auditor who uses the work of an auditor's external specialist may refer to and identify the specialist in the auditor's report if the

A. Specialist is management's specialist. B. Auditor indicates a division of responsibility related to the work of the specialist. C. Specialist's work provides the auditor greater assurance of reliability. D. Auditor expresses a qualified opinion or an adverse opinion related to the work of the specialist.

Business

The effects of global competition have been highly disadvantageous for consumers around the world

Indicate whether the statement is true or false

Business