Contracts of insurance contain statutory terms which require, for example, that the insured give prompt notice to the insurer of any loss suffered by the insured. If the insured fails to meet such terms, what effect does it have on the contract of insurance?

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The Answer of Contracts of insurance contain statutory terms which require, for example, that the insured give prompt notice to the insurer of any loss suffered by the insured. If the insured fails to meet such terms, what effect does it have on the contract of insurance?

Contracts of Insurance Contain Statutory Terms Which Require, for Example