Which of the Following Statements About the ISO Businessowners Policy

question 13

Multiple Choice

Which of the following statements about the ISO businessowners policy is true?

• A)The current form is written on a named-perils basis,but an "open-perils" (all risks)endorsement is available.
• B)It provides business income and extra expense coverage as an additional coverage.
• C)The policy covers business personal property but does not cover buildings.
• D)The policy is designed to meet the special needs of large businesses.

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Definitions:

Violence

The use of physical force to harm someone, to damage property, or to impose dominance in any context.

Private Property Rights

Legal rights that grant individuals or entities the ability to own, use, and control personal or real property.

Legal System

The framework of rules, laws, and regulations established to maintain order and protect persons and property.

Market Efficiency

The extent to which market prices fully reflect all available information and adjust to new information swiftly.