Alberta General Insurance Level 1 Practice Exam

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.