When people are negotiating with insurers for coverage, they make statements concerning their exposures, and these statements are called:
A)indemnifications.
B)recommendations.
C)undertakings.
D)representations.
E)references.

Question

Quizplus · Accepted Answer

When negotiating with insurers for coverage, the statements made by people concerning their exposures are called representations. These are factual statements or assertions made by the insured at the time of applying for insurance, which the insurer uses to decide whether to accept the risk, and on what terms.

When People Are Negotiating with Insurers for Coverage, They Make