Which of the Following Statements Respecting Claims, If Any, Is

question 68

Multiple Choice

Which of the following statements respecting claims, if any, is TRUE?

• A)The insured, pursuant to the policy, usually must give immediate notice of a claim to the insurer.
• B)The limitation period in which to bring an action on a contract of insurance is two years and that cannot be shortened by terms of the policy
• C)If an injured party has property insurance and gets paid in full, they cannot sue the person who caused the damage as that would be double recovery
• D)An insured may be awarded punitive damages if an insurer deals with a claim in bad faith
• E)Both A and D

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Definitions:

Workforce

The people engaged in or available for work, either in a country or area or in a particular company or industry.

McDonalization

The process by which the principles of the fast food industry, such as efficiency, calculability, and predictability, dominate other sectors of society.

Higher Education Institutions

Schools that offer advanced academic programs, such as universities and colleges, leading to degrees at various levels (bachelor’s, master’s, doctorate).

Residential Schools

Institutions designed to assimilate indigenous children into the dominant culture, often through forced separation from their families and communities.