Which of the Following Statements Is (Are)true Regarding Cancellation of Homeowners

question 49

Multiple Choice

Which of the following statements is (are) true regarding cancellation of Homeowners 3 policy?
I.Under no circumstances may the policy be cancelled before the expiration date.
II.The policy can be cancelled for specified reasons is insurer follows the cancellation provisions specified in the policy

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

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Definitions:

Occupational Discrimination

Unfair treatment of workers based on characteristics unrelated to job performance, such as race, gender, or religion.

Universal Basic Income

is a social welfare program where a government provides its citizens with a regular, unconditional sum of money, regardless of employment status or income.

Incentives To Work

Factors or motivations that encourage individuals to participate in the workforce, including wages, benefits, and working conditions.

Business Cycle

Recurring increases and decreases in the level of economic activity over periods of years; consists of peak, recession, trough, and expansion phases.