Which Clause Provides That If Two Parties Cannot Agree on a Loss

question 4

Multiple Choice

Which clause provides that if two parties cannot agree on a loss settlement each may select a competent and disinterested party to determine the loss?

• A)proof of loss
• B)apportionment
• C)subrogation
• D)appraisal

Evaluate and compare different financial investment options.

Understand the impact of inflation rates on future values and payments.

Analyze and determine the average annual rate of interest earned over a specific period.

Calculate the issue price and profit/loss of bonds over time.

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Definitions:

Physiological Risk

The potential of experiencing physical harm or adverse health effects from products, services, or activities.

Busy Intersection

A junction where multiple roads meet, often characterized by a high volume of vehicle and pedestrian traffic, making it a key focal point for transportation flow.

Default

Failure to fulfill an obligation, especially to repay a loan on time, which can result in legal actions or loss of asset privileges.

No-action Condition

An experimental or control condition where no intervention is made, commonly used in research to measure the effect of not implementing a certain action.