Regarding whether ABC Insurance will be required to provide coverage on the jeep,which of the following is true?
A) ABC will likely be required to provide coverage on the jeep because any misrepresentations made were innocently made in the belief that the jeep would be returned soon.
B) ABC will not have to provide coverage because Ace Photo did not have an insurable interest in the jeep.
C) ABC will likely not be required to provide coverage on the jeep because Ace Photo made material misrepresentations in the renewal of the policy that would have prevented its renewal.
D) ABC will not likely be required to provide coverage because Ringo's new employer was liable under workers' compensation.
E) ABC will have to provide coverage unless Ringo had already obtained his own insurance on the vehicle because one vehicle may only be insured under one policy.
Correct Answer:
Verified
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