Which of the Following Is a Key Consequence of the Classification

question 17

Multiple Choice

Which of the following is a key consequence of the classification of an insurance contract as an instrument of utmost good faith?

• A) retaining an insurable interest
• B) a right to indemnification
• C) a duty to bear a deductible cost
• D) an insured's duty to disclose

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Definitions:

Report Card

A document summarizing a student's performance academically over a specific period, usually including grades or marks.

Negative Reinforcement

A behavioral concept where the removal of an adverse stimulus strengthens a desired behavior or response.

Pleasant Stimulus

Any event, object, or situation that causes a positive emotional response.

Unpleasant Stimulus

refers to any object, event, or situation that is undesirable or causes discomfort, leading to avoidance behavior in individuals.