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This question belongs to Commerce Insurance

Insurance

?

Inaccurate statements in proposal without any fraudulent intention are

A) Representation B) Merely misrepresentation C) Contributing statement D) Offer by the party

Answer & Solution

Correct Answer: Option B

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

Question posted by Examveda

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