All of the Following Statements About Conditions Under a Homeowners

question 11

Multiple Choice

All of the following statements about conditions under a homeowners policy are true EXCEPT

• A)If an insurer broadens coverage without an additional premium during the policy period,the broadened coverage applies immediately to the present policy.
• B)A waiver or change in any policy provision must be approved in writing by the insurer to be valid.
• C)The insurer must give written consent for an assignment of the policy to be valid.
• D)If the named insured dies,coverage automatically ceases with respect to any property of the deceased.

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Definitions:

Z Score

A measure of how many standard deviations an element is from the mean.

Distance From The Mean

The absolute difference between a specific value and the average of all values in a dataset.

Z Scores

Standardized scores that indicate how many standard deviations an element is from the mean of the dataset. They are used in statistics to compare different data points.

Normal Curve

A graphical representation of a distribution where the majority of data points are concentrated around the mean, decreasing in frequency the farther they are from the mean.