Which of the Following Statements About the Liability Coverage of the Business

question 21

Multiple Choice

Which of the following statements about the liability coverage of the Business Auto Coverage Form is (are) true?
I.The insurer agrees to defend the insured and pay all legal defense costs arising out of an accident involving a covered auto.
II.The insured is covered for property damage and bodily injury arising out of the use of a covered auto.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Consistency

The quality of achieving a level of performance or appearance that does not vary greatly in quality over time.

Kodak Case

Refers to the study of Kodak's downfall as it failed to adapt to digital photography, illustrating the importance of innovation and adaptability in maintaining brand relevance.

Poseur

An individual who adopts a particular style or identity, often inauthentically, to impress others or fit into a specific cultural group.