Abc insurance company has accepted a lifeinsurance applicationwhich contains unanswered questions. The company then makes the application part of the life contract. in this situation, the insurer haswaived oneof itslegal rights.In this situation, the insurer, ABC Insurance Company, has waived one of its legal rights by accepting a life insurance application that containsunanswered questionsand making it part of the life contract. Typically, insurers have therighttorejector decline an application that is incomplete or contains unanswered questions.However, by accepting the application and proceeding with the issuance of thelife contract, the insurer has chosen to waive this right and treat theincomplete applicationas valid. This action signifies the insurer's decision to proceed with the contract despite the unanswered questions, potentially assuming additional risk orliability.Learn more aboutinsurancehere:brainly.com/question/989103#SPJ6...

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