Show promissory and affirmative warranties

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Reference no: EM1364222

Promissory and Affirmative Warranties.

In insurance terminology, a warranty is a promise something has happened or exists (affirmative warranty) or something will happen (promissory warranty). Give two examples of promissory and affirmative warranties. What difference does it make to an insured if false statement made by the insured is considered a warranty or a representation?

Reference no: EM1364222

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