2 Separate Essays 200 Words each
Chyna45Question 11
In insurance terminology, a warranty is a promise something has happened or exists (affirmative warranty) or something will happen (promissory warranty). Give two examples of promissory and affirmative warranties. What difference does it make to an insured if a false statement made by the insured is considered a warranty or a representation?
Question 12
The insured's duties after a loss are usually extensive. Please describe some of the duties of the insured after a loss occurs. What can happen if the insured fails to perform these duties? Explain your answer.
Textbook Reference: Dorfman, M. S. (2008). Introduction to risk management and insurance (9th ed.). Upper Saddle
River, NJ: Prentice Hall.
- 9 years ago
- 10
Purchase the answer to view it
- promissory_and_affirmative_warranties.docx
- duties_of_an_insured_after_a_loss.docx
- MKT 431 Week 1 Individual -- Business Opportunity Paper
- Procter & Gamble (P&G) 350 -500 Word Summary
- INF 231 Week 1 Discussion 2 Running Applications 1#
- DBM 265 Week 5 Learning team assignment -- Virtual Organization Project Proposal - Presentation
- STATS hw
- Admission Essay: Bachelor Computer Science
- Option Pricing Assignment
- Introduction to Psychology
- SCI 162 Week 3 Assignment; How Fit Are You (AppendiX D)
- PSY 460 Week 2 DQ 1 and DQ 2