Multiple Choice
Which of the following items is NOT a benefit of standard insurance policies?
A) smaller insurers can offer cheaper insurance than larger companies if standard policies are used
B) litigation should be reduced as policy meaning becomes understood
C) consumers are more likely to learn the meaning of standard policies
D) data collection and loss rate computation are easier and more accurate
Correct Answer:

Verified
Correct Answer:
Verified
Q34: Gerald Tee has a $50,000 property loss.
Q36: The appraisal provision does all the following
Q37: Which of the following is not a
Q38: Endorsements may add to or delete coverage
Q40: Which of these is not a condition
Q44: Under the fire contract,you must file a
Q45: Standardized insurance policies make it easier to
Q45: Which of the following questions is not
Q46: Explain the importance of the appraisal clause
Q57: If there were a $200,000 loss and