Multiple Choice
This section of the insurance contract enumerates the duties of the parties to the contract and, in some cases, defines the terms used.Identify this element of the insurance contract.
A) Conditions
B) Endorsements and riders
C) Exclusions
D) Declarations
E) Insuring clauses
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Exclusions exist to limit coverage of nonfortuitous
Q2: To buy an insurance contract, the insured
Q3: Which of the following sections is generally
Q4: Identify the losses that occur when an
Q5: Distinguish between direct and indirect loss.
Q7: Nonphysical injury to a person, including damage
Q8: Riders are used with life/health policies, whereas
Q9: When an insurance policy is suspended, the
Q10: Differentiate between conditional and binding receipts.
Q11: Identify the element of the insurance contract