Category: IC11 PRACTICE OF GENERAL INSURANCE EXAM – 17

Que. 1 : Q1) What is the difference between representation and warranty?    1.  a) A representation need only be substantially correct while a warranty must strictly and literally be complied with    2.  b) An insurer cannot repudiate its liability against an improper representation, unless that is proved to be a material one while anything wrong in the warranty […]