Inaccurate statements in proposal without any fraudulent intention are

Home / Commerce / Insurance / Question
Examveda
Examveda

Inaccurate statements in proposal without any fraudulent intention are

A. Representation

B. Merely misrepresentation

C. Contributing statement

D. Offer by the party

Answer: Option B

Solution (By Examveda Team)

Inaccurate statements in proposal without any fraudulent intention are merely misrepresentation. There are three main types of misrepresentation, fraudulent, negligent, and innocent.

This Question Belongs to Commerce >> Insurance

Join The Discussion

Related Questions on Insurance
  View Answer
  View Answer
  View Answer
  View Answer

Read More: MCQ Type Questions and Answers