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