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:

Moral Behavior

Actions that are in accordance with accepted moral rules or standards of conduct, often based on ethical principles of right and wrong.

Accommodation

In psychology, a cognitive process of adjusting one's schema to incorporate new information; in everyday usage, refers to making physical or social adjustments or adaptations.

Assimilation

The process by which a person or a group becomes part of another culture.

Existing Theories

Previously developed and accepted explanations for phenomena or observations within a particular domain of knowledge.