promissory warranty

A warranty that facts will continue to be as stated throughout the policy period, such that a failure of the warranty provides the insurer with a defense to a claim under the policy.

— Also termed continuing warranty. [Cases: Insurance 3036. C.J.S. Insurance §§ 537, 542–545, 569, 629, 634, 639, 706, 720, 761–762, 771.]

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双语律师Andrew，欧洲名校国际税法专业，擅长翻译各类与国际税法相关的法律文件。