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.]