Page 333 - IC38 GENERAL INSURANCE

policy continue to be the same only if the warranties attached to the policy
are complied with.
Test Yourself 5
Which of the below statement is correct with regards to a warranty?
I. A warranty is a condition which is implied without being stated in the policy
II. A warranty is a condition expressly stated in the policy
III. A warranty is a condition expressly stated in the policy and communicated
to the insured separately and not as part of the policy document
IV. If a warranty is breached, the claim can still be paid if it is not material to
the risk

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