Examlex
Which of the following statements regarding terrorism insurance is (are) true?
I.There is a federal backstop if terrorism claims are catastrophic.
II.Private insurers market terrorism insurance.
Reasonable Period
A span of time that is considered fair and appropriate in a given context, especially in legal and contractual situations.
Duty To Obey
A legal or moral obligation to follow the laws or commands of a given authority.
Credit Worthiness
An assessment of a borrower's ability to repay debts based on their financial history, credit score, and other factors indicating financial stability.
Implied Authority
The power of an agent to perform acts that are reasonably necessary to accomplish the purpose of an organization, even if not explicitly granted.
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