A warranty is a statement made by the applicant regarding the risk to be insured. Which of the following statements is NOT true about warranties?

A warranty is a statement made by the applicant regarding the risk to be insured. Which of the following statements is NOT true about warranties?




A) A warranty is guaranteed to be true.

B) A warranty must refer to a material fact.

C) A policy can be cancelled if the warranty is false.

D) A warranty is part of the contract.



Answer: B

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