Which of the Following Statements Describes a Difference in Conditions

question 24

Multiple Choice

Which of the following statements describes a Difference in Conditions (DIC) Policy?

• A)It is a type of commercial umbrella liability policy.
• B)It is an open perils policy that covers perils not insured by basic property insurance contracts.
• C)It is designed to cover indirect losses for which the insured has direct damage coverage.
• D)It is used to settle disputes when an insured has more than one insurance policy with differing policy provisions.

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Definitions:

Stratified Random Sample

A sampling method where the population is divided into subsets, known as strata, and a random sample is taken from each stratum.

Freshman

A student in their first year of study at a high school or university.

Sophomore

The term used to describe a second-year student in high school or college.

Junior

A term typically used to describe a third-year student in a four-year educational institution or someone with intermediate level experience in a job role.