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Which of the Following Statements About "All-Risks" Coverage Is (Are)true

question 4

Multiple Choice

Which of the following statements about "all-risks" coverage is (are) true?
I.All losses are covered except those losses specifically excluded.
II.The burden of proof is on the insured to prove that a loss is covered.


Definitions:

Performance Ratings

Evaluations of an individual's or entity's achievements or output against predefined standards or objectives.

Standard Setting

The process of establishing benchmarks, norms, or levels of quality that products, services, or competencies should meet or exceed.

Work Sampling

A statistical technique used to estimate the proportion of time spent by workers on various activities, through random observations over a period.

Unavoidable Delays

Delays in a project or process that cannot be prevented, often caused by external factors like weather conditions, natural disasters, or changes in legislation.

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