In insurance contracts,warranties:
A) are of little importance.
B) must be expressly included in the insurance contract.
C) only apply to the insurer,not the insured.
D) operate as conditions that must exist before the contract is effective or before the insurer's promise to pay is enforceable.

Question

Quizplus · Accepted Answer

Warranties in insurance contracts operate as conditions precedent, meaning that they are required to exist before the policy is effective. If the warranties are not met, the insurer can deny coverage or cancel the policy. Therefore, warranties are important and must be expressly included in the insurance contract.

In Insurance Contracts,warranties