After an applicant reason signs an insurance application, he/she should be conscious of the fact that
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When applying for health insurance, one of the questions is "Are you in good health?" Despite being HIV positive, I answer "yes" because I currently have no symptoms. Six months later, I develop AIDS and the insurance company refuses to pay for my treatment. I sue the insurance company, and the insurance company is forced to pay because the application did not specifically ask about HIV but rather was ambiguous about the meaning of "in good health." This is an example of:
Akash M.
The law of insurable interest
James K.
What are some obligations you must fulfill for an insurance policy to be in effect? A: You need to make sure you make your insurance payments on time. B: You need to provide your resume. C: You must be accurate and truthful in giving the insurance company any information the company uses to determine their coverage and your premium. D: Both A and C.
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