Which of the Following Is a Distinguishing Characteristic of a Duty

question 14

Multiple Choice

Which of the following is a distinguishing characteristic of a duty to disclose?

• A) It is applicable to the point in time the insurance application is made.
• B) It is considered by law to be an insured's ongoing obligation.
• C) It requires the prompt,oral communication of material changes to the insurer.
• D) Compliance automatically adjusts the policy coverage.

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Definitions:

Lotteries

A form of gambling that involves the drawing of numbers at random for a prize, often used by governments and organizations as a means of raising funds.

Illegal Gambling

Betting or wagering money or something of value on an event with an uncertain outcome that is not authorized by law.

Government Services

Public services provided by the government, such as education, policing, and healthcare.

Household Income

The total gross income of all members of a household, considered together for analyzing economic and social conditions.