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SAMPLE Life, Accident & Health Online Practice Exam Simulator
 
 
Question:
The intentional and voluntary surrendering of a known right or privilege in a contract is known as a:
 
To be effective a waiver must be made with full knowledge of the consequences. It may be granted orally or in writing but insurers insist upon written waivers.
Answer Choices:Select the Correct Answer
Waiver.
Warranty.
Representation.
Surrender.
 
 
 
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