Question: When an insured specifically requests a certain kind of coverage when applying for insurance and is not told it is not available, that coverage likely

When an insured specifically requests a certain kind of coverage when applying for insurance and is not told it is not available, that coverage likely exists, even if the policy wording states otherwise, because the agent implied such coverage at the time of sale, and the insurer cannot deny it

.

Which of the following best explains this situation?

Group of answer choices

Duress

Waiver

Estoppel

Escheat

Escrow

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

James A. and Ella R. Polk, ages 70 and 65, are retired physicians who live at 13319 Taylorcrest Street, Houston, Texas 77079. Their three adult children (Benjamin Polk, Michael Polk, and Olivia...

When an insured specifically requests a certain kind of coverage when applying for insurance and is not told it is not available, that coverage likely exists, even if the policy wording states...

Hi! Attached is the case study. My questions for this case study is Conceptual (C)C3.3) on page 8. Conceptual (C) C3.3) Do you believe the independence rules are sufficient to ensure that the public...

Chapter 6 from The Legal and Ethical Environment of Business was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as...

1. Do you agree or disagree with the decision in the Lambert case (p. 323, textbook). Explain by making EXPLICIT reference to any of the principles of Contract Law (say which one(s) you are using)...

is as follows: 1. Do you agree or disagree with the decision in the Lambert case (p. 323, textbook). Explain by making EXPLICIT reference to any of the principles of Contract Law (say which one(s)...

Helen Caldicott raises a family and then begins a career as a caterer. As her business grows, she hires several employees and rents space near downtown that has a retail space, parking, and a garage...

Prof. Patterson Law, Business & Society, Spring 2017 Writing Assignment No. 1 - Hobby Lobby Due Date: Monday, Feb. 13 by 11:55 pm, via Turnitin on NYU Classes You are a young lawyer working for a...

Which one of the following best distinguishes between morals and ethics? Select one: A. Ethics provides guidance when a law is not applicable. B. Ethical situations involve distinction between right...

Does anyone know where this article come from? I wanna cite it as a resource!! Thanks! 41 Auditing Insurance Companies 41.1 OVERVIEW OF THE INDUSTRY (a) Structure of the Industry, (b) Reinsurance,...

The rigid beam shown in Figure AN- 12 is suspended by three cables. The beam is horizontal prior to being connected to the cables and is to remain horizontal after being attached to the cables. The...

A soccer ball is placed 12 ft away from a goal post that measures 8 ft high. You kick the ball and it hits the crossbar at the top of the goal. What was the angle of elevation of your kick?

The GPA of accounting students in a university is known to be normally distributed. A random sample of 2 0 accounting students results in a mean of 2 . 9 2 and a standard deviation of 0 . 1 6 ....

-/1 View Policies Current Attempt in Progress The following amortization and interest schedule reflects the issuance of 10-year bonds by Bridgeport Corporation on January 1, 2014, and the subsequent...