Question 2017 of 303 · California Life-Only Agent Exam
Which of the following is the difference between a representation and a warranty?
Exactly one answer is correct.
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Correct answer to question 2017
- D: A representation is a statement made to obtain coverage; a warranty is a promise in the contract
Explanation
Representations are statements made before the contract is formed. Warranties are terms the insured agrees become part of the contract.
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