Which of the Following Does Not Represent a Usual Way

question 22

Multiple Choice

Which of the following does not represent a usual way to measure the amount recoverable when there has been a successful claim on an insurance policy?

• A)The market value of the subject matter of the insurance at the time of the loss or destruction.
• B)The amount required to replace the subject matter of the insurance.
• C)The amount required to repair the subject matter of the insurance.
• D)The amount it would cost to buy the subject matter of the insurance at the time the claim is resolved.

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Definitions:

Physiological Measurements

Objective methods of assessing physical or biological variables in the human body, often used in medical and psychological research.

Cognitive Processes

Mental activities involved in acquiring, storing, and using knowledge, such as perception, memory, and reasoning.

Behavioral Responses

The actions or reactions of an individual in response to external or internal stimuli.

Variable-Interval Schedule

A reinforcement schedule in which the first response is rewarded only after a variable amount of time has elapsed.