An agreement between an insurance company and an agent, granting the agent authority to write insurance from that company is called

A)
Aleatory contract
B)
Affirmative Warranty
C)
All-Risk Agreement
D)
Aggregate Limits

Correct Answer : Option (B) - Affirmative Warranty



An affirmative warranty is a statement regarding a fact at the time the contract was made.

Published On : June 2, 2021
Category : Insurance and Finance