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It is a statement or promise set forth in the policy or by reference incorporated therein, the untruth or non-fulfillment of which in any respect, and without reference to whether insurer
was in fact prejudiced by such untruth or nonfulfillment, renders the policy voidable.
KINDS OF WARRANTY:
1. Express; and
2. Implied – Warranties that are deemed included in the contract, although not expressly mentioned. They are found only in marine insurance.
3. Affirmative – Asserts the existence of a fact or condition at the time it is made;
4. Promissory – The insured stipulates that certain facts or conditions shall exist or thin shall be done or omitted
was in fact prejudiced by such untruth or nonfulfillment, renders the policy voidable.
KINDS OF WARRANTY:
1. Express; and
2. Implied – Warranties that are deemed included in the contract, although not expressly mentioned. They are found only in marine insurance.
3. Affirmative – Asserts the existence of a fact or condition at the time it is made;
4. Promissory – The insured stipulates that certain facts or conditions shall exist or thin shall be done or omitted
