Which of the Following Statements About Covered Perils and Loss

question 21

Multiple Choice

Which of the following statements about covered perils and loss settlement under an unendorsed Homeowners 3 policy is true?

• A)The dwelling is covered on a named-perils basis.
• B)Personal property losses are settled on an actual cash value basis.
• C)Losses to the dwelling are always settled on an actual cash value basis.
• D)Personal property is covered on an open-perils basis.

---

Definitions:

Job-applicant Tracking System

A software application that enables the electronic handling of recruitment and hiring processes by organizing applicant information.

Chronological Resumé

a type of resume that lists work history, education, and other relevant information in reverse chronological order, starting with the most recent experience.

Work History

A record of an individual’s previous employment experiences, including roles, responsibilities, and durations.

Scannable Resumé

A resume formatted to allow easy reading by both humans and electronic scanning systems, often featuring clear headings and bullet points.