Which of the Following Statements Is (Are)true Concerning the Value

question 18

Multiple Choice

Which of the following statements is (are) true concerning the value reporting form?
I.Failure to report accurately suspends coverage.
II.If the insured underreports the property values at a location,and a loss occurs at that location,recovery is limited to the proportion that the last value reported bears to the value that should have been reported.

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

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Definitions:

Digestive System

The complex series of organs and glands responsible for the breakdown, digestion, and absorption of nutrients from food into the body.

Lungs

Organs found in the respiratory system, responsible for gas exchange between the air and the bloodstream.

Embryo

An early stage in the development of an organism, in humans covering the period from conception until around the eighth week, where it is then referred to as a fetus.

Fetus

A developing mammal or human from the embryonic stage to birth, typically spanning from the ninth week of gestation until childbirth.