What Information Is Contained in the Insuring Agreement of an Insurance

question 14

Multiple Choice

What information is contained in the insuring agreement of an insurance policy?

• A)a description of the property or life to be insured
• B)a summary of the major promises of the insurer
• C)a summary of the obligations of the insured
• D)a list of the property,losses,and perils that are not covered

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Definitions:

Silver Mines

Geographical locations or sites where silver ore is extracted from the earth, often involving intense labor and significant environmental impact.

Sixteen-to-one Ratio

A monetary policy ratio advocating for the free coinage of silver to gold at a fixed ratio of 16 ounces of silver to 1 ounce of gold, significantly impacting late 19th-century American politics.

Spoils System

A practice in which a political party, after winning an election, gives government jobs to its supporters, friends, and relatives as a reward.