MTHEL131 Lecture Notes - Lecture 6: Pope Innocent Ii
13 Jun 2017
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Document Summary
Insurers" foresaw the event that insurance would expand to other provinces, maybe even coast-to-coast that it may be challenging and financially challenging to operate potentially different in different provinces. Laws are all essentially the same (provincially and financially) By law, if you miss a premium payment, you have 30 days to pay the premium before the policy cancels: statements made are representations are not warranties. The doctrine of warranty allows any contract to be invalid in situations where any statements made in the completion of the contract to be set aside. Contracts need to be clear and accurate. A representation is not given the full power of a warranty. The critical information that is provided by the proposed insured is generally regarding health, life style, dangerous activities. Ex: have you seen your doctor or health care professional in the last 2 years? .
