Which of the Following Is the Insurer's Duty to Pay

question 70

Multiple Choice

Which of the following is the insurer's duty to pay?

• A)to pay back the insured's money on demand
• B)to pay back the premiums paid by the insured upon an endorsement of insurance
• C)to pay legitimate claims up to the insurance policy limits
• D)to pay interest for the premiums paid by insured on a monthly or yearly basis

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Definitions:

Great Depression

A severe worldwide economic downturn that took place during the 1930s, characterized by high unemployment rates and significant declines in economic activity.

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A period characterized by significant economic events such as high inflation, high interest rates, and the start of neoliberal economic policies in many countries.

Supply-Side Approach

An economic theory that advocates reducing barriers and taxes on the producers of goods and services to stimulate production and economic growth.

Tax Benefits

are reductions in tax obligations, given to encourage certain activities or investments, such as deductions, exemptions, or credits.