One Inland Marine Coverage Form Is the Accounts Receivable Coverage

question 14

Multiple Choice

One inland marine coverage form is the accounts receivable coverage form.In which of the following cases would the purchaser of this form (the insured) be indemnified through the coverage?

• A)if the insured cannot pay amounts owed because the purchaser has become insolvent
• B)if the insured cannot pay amounts owed because the purchaser has incurred an insured physical damage loss
• C)if the insured cannot collect accounts receivable because of the destruction of records
• D)if the insured cannot collect accounts receivable because the purchaser extended credit to poor credit risks

---

Definitions:

Domestic Price

The price of goods or services within a country's borders, as opposed to international or global prices.

Consumer Surplus

The difference between the total amount that consumers are willing to pay and the total amount they actually pay for a good or service.

Beef Consumption

The amount of beef eaten by individuals or populations within a certain timeframe.

Tulips

A type of flowering plant that is often cultivated for its bright, colorful blooms, and has historical significance in the economic history due to the "Tulip Mania."