In insurance, a material fact is defined as:
A. Any information that may affect the premium amount.
B. Any information that may affect the insurer’s decision to provide coverage.
C. Any information that may affect the insured’s ability to pay the premium.
D. Any information that may affect the insured’s eligibility for coverage.
Answer:B
In insurance, a material fact is defined as:
A. Any information that may affect the premium amount. B. Any information that may affect the insurer’s decision to provide coverage. C. Any information that may affect the insured’s ability to pay the premium. D. Any information that may affect the insured’s eligibility for coverage.