Multiple Choice
Allowing people to insure property that they have no real interest in may lead to the intentional destruction of the property.To which rule does this rationale apply?
A) life insurance rule
B) indemnity rule
C) coinsurance rule
D) insurable interest rule
Correct Answer:
Verified
Correct Answer:
Verified
Q45: How does comprehensive general liability (CGL)insurance differ
Q46: Explain the nature and purpose of business
Q47: An insurer owes the insured a duty
Q48: What is the purpose of the requirement
Q49: Why must an insured avoid acknowledging liability
Q51: The forfeiture rule provides the right of
Q52: Explain the extent of coverage provided business
Q53: A duty to disclose exists only at
Q54: Briefly explain why the law places the
Q55: Which of the following would occupiers' liability