Question

Just need the answer.

Hansel stated in a life insurance application that he believed that the last time he was treated at a medical facility was for gall bladder surgery in May 2009. However, it turns out that his surgery took place in June of 2010. How would the insurer initially view his incorrect statement?

	A.	misrepresentation
	B.	warranty
	C.	representation
	D.	fraudulent statement

In order for an insurer to do business ion the state, it must be deemed an_______________insurer by the state?

	A.	domiciled
	B.	legal
	C.	authorized
	D.	bonafide

Jonathan is a policy holder with a stock based insurer. The insurer is distributing dividend's at the end of the year. Is Jonathan entitled to any share of that dividend distribution?

	A.	yes
	B.	no
	C.	maybe
	D.	yes, if he has shareholder voting rights

what is an example of a non diversifiable risk?

	A.	reduction in value of one's retirement account
	B.	injuries incurred in a car accident
	C.	a hurricane
	D.	an individual who gets sick

The tendency of a person to seek insurance with a higher expectancy chance of loss is called?

	A.	a high risk selection
	B.	an acceptable loss selection
	C.	An adverse risk selection
	D.	none of the above

Answer 1

**As per the Chegg guidelines, experts are allowed to answer only the first question** Please do not downvote, as we are only following the policies.

Q. 1) A) Misrepresentation.

The insurer would view Hansel's statement as a misrepresentation. Misrepresentation is basically a false statement given by a person on some facts, which directly affects the decision making by another person. In contract law, the misrepresenting party would be considered as a defendant while the other party would be considered as a plaintiff.

Hope this helps :)

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