Which statement defines a conclusive presumption in insurance law?

Which statement defines a conclusive presumption in insurance law?

• A. A presumption that can be rebutted by evidence.
• B. A fact deemed true with no possibility of contrary evidence.
• C. The standard for material representation.
• D. A minor's capacity for contract.

Answer: (B)

In law, a conclusive presumption is an irrebuttable inference: once the fact is established under this rule, no evidence can be used to contradict it. That idea matches the statement described as a fact deemed true with no possibility of contrary evidence. It’s different from a rebuttable presumption, which can be defeated by presenting contrary facts. The other options don’t fit because they describe a presumption that can be rebutted, or they address concepts like material representations or contract capacity, not an irrebuttable inference.

In law, a conclusive presumption is an irrebuttable inference: once the fact is established under this rule, no evidence can be used to contradict it. That idea matches the statement described as a fact deemed true with no possibility of contrary evidence. It’s different from a rebuttable presumption, which can be defeated by presenting contrary facts. The other options don’t fit because they describe a presumption that can be rebutted, or they address concepts like material representations or contract capacity, not an irrebuttable inference.