Insurance 101 – Chapter 16 Volume 26 – Misrepresentations


Similarly, one application asked if financial statements were audited annually by an independent CPA and if “all subsidiaries and locations, or similarly controlled and operated companies, [were] included in the audit?” Even if some of Pioneer’s subdivisions or related companies were independently audited, the correct answer to such question would be “no” if any subdivisions or related companies were not independently audited.

The following video was adapted from my book, “Insurance Claims A Comprehensive Guide” Published by the National Underwriter Company and is available at the Zalma Insurance Claims Library

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