Identifying in an Insurance Policy the Specific Perils Covered Is

question 55

Multiple Choice

Identifying in an insurance policy the specific perils covered is a(n) _____ approach.

• A) no-risk
• B) named-peril
• C) coinsurance
• D) all-risk

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Definitions:

Status Indians

Individuals who are legally recognized as Indians under the Canadian Indian Act, entitling them to certain rights and benefits.

Children

Individuals in the early stages of life, typically considered to be under the age of majority, which varies by jurisdiction.

Contracts

Legal agreements between two or more parties that are enforceable by law.

Bayview Credit Union Ltd. v. Daigle

A legal case, the specifics of which would require access to legal databases or resources for accurate information.