Which of the Following Statements About "Open-Perils" Coverage Is (Are)true

question 16

Multiple Choice

Which of the following statements about "open-perils" coverage is (are) true?
I.All losses are covered except those losses specifically excluded.
II.The burden of proof is on the insured to prove that a loss is covered.

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

---

Definitions:

Sincere Performance

Behaving in a manner that genuinely reflects one's feelings, attitudes, and intentions without deception.

Dissonance Paradigm

A theoretical framework used to understand the discomfort from cognitive dissonance and how individuals attempt to reduce it.

Free Choice

The ability or power to make decisions autonomously without external constraints or coercion.

Spreading Alternatives

A cognitive phenomenon where individuals devalue rejected alternatives to feel better about the choices they have made.