If the Insurer Broadens Coverage During the Policy Period Without

question 9

Multiple Choice

If the insurer broadens coverage during the policy period without an increase in premium,and the broadened coverage is not part of a general program revision,the insured is entitled to the broadened coverage under which policy provision?

• A)appraisal clause
• B)subrogation
• C)liberalization clause
• D)pair or set clause

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Definitions:

Firms

Firms refer to business entities or organizations that produce goods or provide services with the aim of making a profit.

Industry

A sector of the economy that is made up of manufacturing, production, or provision of services within a specific domain of activity or expertise.

Marginal Revenue

The supplementary income received from the sale of an additional unit of a product or service.