Which of the Following Statements Concerning Terrorism Insurance Is (Are)true

question 40

Multiple Choice

Which of the following statements concerning terrorism insurance is (are) true?
I.Terrorism insurance covers direct physical damage to the insured's property resulting from an act of terrorism.
II.Terrorism insurance and be added through an endorsement to the commercial property insurance policy or purchased as a separate,stand-alone policy.

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

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Definitions:

Engaged

Describes being fully absorbed, interested, and involved in an activity or situation.

Full Concentration

The state of being completely focused or absorbed in a task or activity, with all cognitive resources directed towards it.

Arbitration

A method of dispute resolution where a neutral third party, known as an arbitrator, makes a binding decision to resolve a disagreement between parties.

Voluntary

Actions or activities done by free will without any coercion or compulsion.