Which of the Following Statements About the Liability Coverage of the Business

question 21

Multiple Choice

Which of the following statements about the liability coverage of the Business Auto Coverage Form is (are) true?
I.The insurer agrees to defend the insured and pay all legal defense costs arising out of an accident involving a covered auto.
II.The insured is covered for property damage and bodily injury arising out of the use of a covered auto.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Holds Information

The capacity to retain and recall data or facts.

Hippocampus

A major component of the brain of humans and other vertebrates, playing critical roles in the consolidation of information from short-term memory to long-term memory and in spatial memory that enables navigation.

Long-term Memory

The component of the memory system capable of storing vast amounts of information for periods ranging from minutes to a lifetime.

Sensory Memory

The shortest-term element of memory, which acts as a buffer for stimuli received through the senses and lasts for a very short time.