Multiple Choice
Ambiguities in insurance contracts are read in the manner most favorable to the insured because insurance is:
A) an indemnity contract.
B) a contract of utmost good faith.
C) a contract of subrogation.
D) a unilateral contract.
E) a contract of adhesion.
Correct Answer:
Verified
Correct Answer:
Verified
Q16: In a commercial general liability policy, claims
Q17: Describe the different types of causes of
Q18: The agreed value option does not ensure
Q19: If the insured chooses replacement cost new
Q20: Identify the provision that is found under
Q22: Which of the following statements is true
Q23: In a commercial general liability policy, claims
Q24: The umbrella policy excludes medical expense coverages.
Q25: The insured can purchase this option found
Q26: Which of the following is excluded in