All the Following Are Rights Extended to Mortgagees Under the Mortgage

question 11

Multiple Choice

All the following are rights extended to mortgagees under the mortgage clause in the standard fire policy except:

• A)to sue under the policy in its own name
• B)to change the policy provisions without the insured's consent
• C)to submit proof of loss if the insured does not
• D)to have an additional 5 days over the insured for notice of cancellation

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Definitions:

Assumption

A belief or statement taken for granted without proof.

Thieves

Individuals who illegally take someone else's property without permission with the intent to keep it or sell it.

Conclusion

The end or finish of an event, process, or text, often summarizing the main points or outcomes.

Subjective Well-being

An individual's self-assessment of their own happiness and life satisfaction.