n NISM Certifications
NSM General NISM
Medium

Which statement about a warranty in insurance is correct?

Practice question from IC 38 Mock Test 15 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A warranty is an implied condition in the policy

    Correct answer

  2. B

    A warranty is not part of the policy document

  3. C

    A warranty is always communicated separately

  4. D

    Claims are payable even if a warranty is breached

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

Test yourself for real

Take a full General NISM mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.