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:

Material Inside Information

Refers to non-public, important information about a company that could influence an investor's decision to buy or sell the company's securities.

Corporate Disclosure Requirements

Regulations mandating that corporations publicly disclose certain financial and business information to maintain transparency with shareholders and the public.

Sarbanes-Oxley Act

A law enacted in response to a number of major corporate and accounting scandals to protect shareholders and the general public from accounting errors and fraudulent practices in enterprises.

Securities And Exchange Commission

A U.S. government agency responsible for regulating the securities industry, enforcing federal securities laws, and overseeing the stock and options exchanges.