Some States Have a Law That Requires Payment of the Face

question 40

Multiple Choice

Some states have a law that requires payment of the face amount of insurance to the insured if a total loss to real property occurs from a peril specified in the law.These laws are called

• A)agreed amount laws.
• B)replacement cost laws.
• C)homestead laws.
• D)valued policy laws.

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Definitions:

Perspiration

The process of sweating, wherein the body releases moisture through the skin's sweat glands to cool itself.

Keloids

Thick, raised scars that grow beyond the original wound boundary, resulting from excessive collagen production during healing.

External Traumas

Physical injuries caused by an external force or impact to the body.

Fibrous Protein

Proteins that are elongated and insoluble, forming essential structural components of body tissues such as collagen, keratin, and elastin.