Multiple Choice
It is important to understand the nature of such a policy because the insured has to look for what is not covered rather than what is covered.Identify this perils policy.
A) Named-perils policy
B) Open-perils policy
C) Flexible-perils policy
D) No risk perils policy
E) Closed-perils policy
Correct Answer:

Verified
Correct Answer:
Verified
Q58: Insuring clauses do not vary greatly from
Q59: The estate tax repeal rider, which exemplifies
Q60: Which of the following statements is true
Q61: With cancelable policies, the insurer is responsible
Q62: Consequential losses are also known as:<br>A)direct losses.<br>B)accidental
Q64: Inherent vice is excluded in insurance coverage.
Q65: Suspension of an insurance contract negates coverage
Q66: The 1992 Chicago flood required that Marshall
Q67: The second major element of an insurance
Q68: Which of the following statements is true