Which of the Following Statements Is (Are)true Concerning the Value

question 18

Multiple Choice

Which of the following statements is (are) true concerning the value reporting form?
I.Failure to report accurately suspends coverage.
II.If the insured underreports the property values at a location,and a loss occurs at that location,recovery is limited to the proportion that the last value reported bears to the value that should have been reported.

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

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Definitions:

Relationships

The manner by which two or more ideas, items, or individuals are linked, or the condition of being linked.

Notes from Underground

A novella by Fyodor Dostoevsky that presents a deep psychological insight into the thoughts and motivations of a disillusioned, isolated protagonist.

Whim

An impulsive or capricious notion or action, based on sudden desires rather than careful thought.

Negative Freedom

The concept of freedom defined as the absence of coercion or constraint on an individual's actions from external sources.