Mark Reviewed His Homeowners Policy

question 12

Multiple Choice

Mark reviewed his homeowners policy.He learned that his personal property was insured on an actual cash value basis.He would like replacement cost coverage on his personal property.He contacted his agent who said,"I'll simply add an amendment to your contract that changes the basis of recovery to replacement cost." The written provision the agent was referring to is called a(n)

• A)endorsement.
• B)coinsurance clause.
• C)binder.
• D)deductible.

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Definitions:

Leadership Identity Construction

The process by which individuals come to see themselves as leaders, developing their self-concept and leadership style over time.

Trust

The firm belief in the reliability, truth, or ability of someone or something.

Granting

The act of giving or allowing something as a concession or recognition, often used in the context of rights, privileges, or permissions.

Leader-member Exchange

Describes the dynamic and unique relationships that form between leaders and their individual followers, potentially influencing performance and satisfaction.