Multiple Choice
The personal feature of property insurance contracts means that:
A) subrogation always applies
B) ambiguities in the wording will always be construed against the insurer
C) insurance contracts cannot be freely transferred to other parties
D) the buyer of insurance must have insurable interest in property before the policy is issued
Correct Answer:

Verified
Correct Answer:
Verified
Q37: The principle of insurable interest is important
Q38: Under a contract of adhesion:<br>A) subrogation is
Q39: Building has been in use 15 years.<br>A)
Q40: A binder is:<br>A) part of most property
Q41: If there were a $22,000 loss and
Q43: Choose the best example of a promissory
Q44: Which of the following does<u> not</u> support
Q45: Standardized insurance policies make it easier to
Q46: A void contract is:<br>A) voided by the
Q47: Mr. Jiminez wants his 16 year old