All of the Following Are Available Under the HO-2 Contract

question 51

Multiple Choice

All of the following are available under the HO-2 contract except:

• A)personal liability insurance
• B)theft insurance
• C)Medical Payments coverage for others
• D)automobile comprehensive coverage

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Definitions:

Manager-Managed

A management structure typically used in a Limited Liability Company (LLC) where one or more appointed managers are responsible for the company's day-to-day operations, as opposed to being member-managed.

Limited Liability Company

A business organization strategy that harmonizes the limited liability advantage of a corporation with the taxation simplicity of a partnership or sole proprietorship.

Operations Participation

The involvement or engagement in the ongoing activities or processes of an organization, project, or system.

Articles of Organization

A document filed with a state governmental entity to legally establish a limited liability company (LLC).