Multiple Choice
The purpose of the insuring agreement of an insurance policy is to:
A) specify the perils covered
B) list reasons allowing the insurer to cancel the policy
C) present the language giving force to the contract
D) indicate who can collect for a covered loss
Correct Answer:
Verified
Correct Answer:
Verified
Q54: In which case is there no insurable
Q55: Which of the following is correct concerning
Q56: "Actual cash value" means "historical cost less
Q57: If there were a $200,000 loss and
Q58: Actual cash value is defined as:<br>A) replacement
Q60: Ambiguities in the wording of an insurance
Q61: Sarah has a house valued at $200,000
Q62: When entering into a legally enforceable insurance
Q63: Dane Cook has a $50,000 property loss.
Q64: Exclusions are contained in insurance policies for