General Insurance PrinciplesQuestion 189 of 315
Under California Insurance Code §330, neglect to communicate that which a party knows and ought to communicate is called:
a.Concealment
b.Warranty
c.Representation
d.Estoppel
Explanation
Cal. Ins. Code §330 defines concealment as neglect to communicate that which a party knows, and ought to communicate. Concealment entitles the injured party to rescind the contract. A representation is a statement believed true; a warranty is a stricter promise.
Law Reference: Cal. Ins. Code §330Practice all 315 questions free — no signup required.
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