If a statute requires that any limitations on coverage be stated in an insurance contract, an insurer can avoid liability by relying on an unexpressed restriction.
Correct Answer:
Verified
Q12: Insurance is an arrangement for transferring and
Q13: Because an insurance contract is governed by
Q14: Courts interpret insurance policies as containing any
Q15: An insurable interest in property need not
Q16: A person can insure anything, even if
Q18: Life insurance requires that an insurable interest
Q19: Insurance policies differ in relation to the
Q20: Courts interpret the words used in an
Q21: An insurer can cancel, or refuse to
Q22: A creditor generally can reach insurance proceeds
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