Multiple Choice
The principle of insurable interest is important because it:
A) makes insurance companies more profitable
B) supports the principle of indemnity
C) prevents insurers from unfairly denying insurance claims
D) prevents an insurer from subrogating against a negligent third party
Correct Answer:
Verified
Correct Answer:
Verified
Q32: Standardization increases the possibility that some insurance
Q33: Which of the following is <u>not</u> a
Q34: Gerald Tee has a $50,000 property loss.
Q35: If a property insurance agent goes to
Q36: The functional replacement provision in some property
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
Q42: The personal feature of property insurance contracts