Alberta General Insurance Level 1 Practice Exam

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How must a waiver under a policy be expressed?

  1. In a complicated manner

  2. Verbally only

  3. Through an implied agreement

  4. Clearly and in writing

The correct answer is: Clearly and in writing

A waiver under a policy must be expressed clearly and in writing in order to avoid any misunderstandings or misinterpretations. Option A is incorrect because a waiver that is expressed in a complicated manner may not be easily understood by all parties involved. Option B is incorrect because verbal agreements may not hold up in a legal setting. Option C is incorrect because an implied agreement may not clearly state the terms of the waiver. Overall, expressing a waiver in writing ensures that all parties are aware of and agree to the terms of the waiver.

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