All of the Following Are Rights Extended to Mortgagees (Banks)under

question 39

Multiple Choice

All of the following are rights extended to mortgagees (banks) under the mortgage clause in the HO contract except:

• A)to sue under the policy in its own name
• B)to foreclose on property if the insured homeowner tries to defraud the insurer
• C)to submit proof of loss if the insured fails to do so
• D)has an additional 5 days over the insured for notice of cancellation

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Definitions:

Tight Control

A management approach characterized by strict and detailed monitoring and regulation of organizational processes and activities.

Work Assignments

Tasks or projects designated to employees or teams, typically as part of their job responsibilities.

Centrality

The degree of importance or prominence of a node within a network, relating to how connected or influential it is.

Position Power

The influence or control that comes from the official role or position one holds within an organization.