Regarding Property Insurance

Multiple Choice

Regarding property insurance,

A) the offer is not accepted until the insurance company delivers the policy to the insured.
B) property insurance is usually written for a term longer than a year.
C) one needs to pay the first premium to obtain coverage.
D) agreements for effecting property insurance are typically less formal than for life insurance.
E) the insurance agent would not have an agency contract with more than one insurer.