Arkansas Insurance Adjuster Practice Exam

Rachel is providing representations, which are statements made by an individual that are believed to be true and are based on factual information. This is different from factual misrepresentations, which are false statements made intentionally in order to deceive. Warranties and binders are not related to filling out a homeowners policy application. Warranties are promises made by the seller of a product or service about the quality or performance of that product or service, and binders are temporary insurance contracts that provide immediate coverage until a formal policy is issued.