Which of the Following Is True Regarding Statutory Interpretation

question 132

Multiple Choice

Which of the following is true regarding statutory interpretation?

• A) All jurisdictions follow the same statutory principles of construction.
• B) The plain-meaning rule is very simple to apply.
• C) An interpretation of the statute by a higher court is binding on the lower courts within the jurisdiction.
• D) Only the legislative intent is useful as a method of statutory interpretation.
• E) All of these choices are correct.

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Definitions:

Coinsurance

An insurance policy provision under which the insurer and the insured share costs, after the deductible is met, according to a specific formula.

Insured

A person or entity covered by an insurance policy, protecting them against financial loss from specified risks.

Insurer

A company or entity that provides insurance coverage to policyholders in exchange for premiums.

Deductible

An amount that a policyholder must pay out of pocket before an insurance company will cover any expenses.