All of the Following Statements About the Cancellation of a Homeowners

question 5

Multiple Choice

All of the following statements about the cancellation of a Homeowners 3 policy are true EXCEPT

• A) The insurer may cancel a new policy for any reason if it has been in force for less than 60 days and is not a renewal policy.
• B) At least 100 days' notice of cancellation must be given if an insurer cancels a policy for nonpayment of premium.
• C) A policy written for longer than 1 year can be cancelled for any reason on the anniversary date by giving the insured at least 30 days' notice of cancellation.
• D) After a policy has been in force for at least 60 days, it can be cancelled by the insurer if the risk has increased substantially since the policy was issued.

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Definitions:

Reflection Technique

A method involving thoughtful consideration of one's actions and experiences to gain insights and improve future performance.

Learning Contract

is an agreement between a learner and educator outlining specific learning objectives, resources, and evaluation criteria.

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Supervision Plan

A structured document outlining how supervision is to be carried out within a particular context or organization, including roles, responsibilities, and processes.