Which of the following statements is true regarding the legal aspects of a life insurance contract?
a. because the insurance contract is the result of “give and take” negotiations, courts require strict compliance by both the policy owner and the insurance company
b. a statement by the applicant or the insured is considered a warranty.
c. states require certain provisions in the contract to safeguard the interests of the policy owner and beneficiary
d. if the policy owner does not pay the premiums, the insurer can compel payment by filing suit against the policy owner.