Liability Arising Out of Which of the Following Is Covered

question 19

Multiple Choice

Liability arising out of which of the following is covered under Coverage E of an unendorsed Homeowners 3 policy?

• A)use of the insured's auto on a public road
• B)use of the insured's golf cart at a golf course
• C)use of the insured's motorcycle on a highway
• D)use of the insured's 40-foot boat with a 200 horsepower engine

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Definitions:

High-Income Earners

Individuals or households that have an income significantly above the average or median level.

Low-Income Earners

Individuals or households that earn less than the median income level, often qualifying them for certain government assistance programs.

Proportional Tax

A tax system where the tax rate remains constant regardless of the taxpayer's income level, meaning everyone pays the same percentage of their income.

Tax Schedules

Detailed tables or charts provided by tax authorities that dictate the tax rates applicable to different levels of taxable income or types of taxpayers.