One Inland Marine Coverage Form Is the Accounts Receivable Coverage

question 6

Multiple Choice

One inland marine coverage form is the accounts receivable coverage form.In which of the following cases would the purchaser of this form be indemnified through the coverage?

• A)If the purchaser cannot pay amounts owed because the purchaser has become insolvent.
• B)If the purchaser cannot pay amounts owed because the purchaser has suffered an insured physical damage loss.
• C)If the purchaser cannot collect accounts receivable because of the destruction of records.
• D)If the purchaser cannot collect accounts receivable because the purchaser extended credit to a poor credit risks.

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Definitions:

Cohort Effects

Variations in the characteristics of an area of study (like attitudes or behaviors) over time, among individuals who are defined by some shared temporal experience or common life experience.

Longitudinal Effects

Outcomes or impacts that can be observed over extended periods of time, often used to assess how certain variables or interventions influence development or behavior.

Butterfly Effects

The concept that small causes can have large effects, particularly in the context of a chaotic system, where minute variations in initial conditions can result in vastly different outcomes.

Teratogen

Any agent or substance that can cause malformation of an embryo or fetus.