Question

If an insured has a claim when he discovers that his age was misstated on the policy application, what will be the probable action of the insurance company?

Answer 1

If an insured has a claim when he discovers that his age was misstated on the policy application, the insurance company may adjust the claim amount based on the accurate age of the insured as stated in the policy.

Step-by-step explanation:

When an insured discovers that his age was misstated on the policy application and makes a claim, the probable action of the insurance company will depend on the terms and conditions stated in the policy. The insurance company may conduct an investigation to verify the misstatement and determine the impact on the claim. If the misstatement is found significant, the insurance company may adjust the claim amount based on the accurate age of the insured as stated in the policy.