Which of the Following Statements Regarding the Coverage E Limit

question 31

Multiple Choice

Which of the following statements regarding the Coverage E limit in the homeowners policy is true?

• A)It is an aggregate limit,and once the amount paid for one or more claims reaches the limit,no additional coverage is provided.
• B)The limit applies only if a court orders the insured to pay-there is no coverage for settlements reached out-of-court.
• C)Any legal defense costs incurred by the insurer are counted against the limit of liability.
• D)The limit applies on a per-occurrence basis so more than the limit could be paid during the policy period.

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Definitions:

Theoretical Framework

A structure of concepts, theories, and propositions that provides an organized way to interpret and understand phenomena.

Piaget's Stage Theory

Piaget's Stage Theory proposes that children progress through four stages of cognitive development, each characterized by different capabilities and ways of processing information: sensorimotor, preoperational, concrete operational, and formal operational stages.

Sociocultural Approach

A theoretical perspective that examines the ways in which social and cultural environments influence human behavior and cognitive processes.

Stages of Development

The distinct phases in human growth through which individuals typically progress, each characterized by specific developmental milestones.