n NISM Certifications
NSM General NISM
Medium

What differentiates innocent from fraudulent misrepresentation in insurance contracts?

Practice question from IC 38 Mock Test 8 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Innocent is false with fraudulent intent; fraudulent is false without intent

  2. B

    Innocent is false without regard for truth; fraudulent is false with intent

  3. Innocent is false without fraudulent intent; fraudulent is false with fraudulent intent

    Correct answer

  4. D

    Innocent is accurate with intent; fraudulent is false with intent

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

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