n NISM Certifications
NSM General NISM
Medium

How should warranties in insurance be observed?

Practice question from IC 38 Mock Test 17 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Fulfill them only if material to the risk

  2. Fulfill them strictly and literally, regardless of materiality

    Correct answer

  3. C

    Fulfill them at the insurer’s discretion

  4. D

    Ignore them if unrelated to health conditions

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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