Which of the Following Terms Are Not Always Included in an Insurance

question 36

Multiple Choice

Which of the following terms are not always included in an insurance contract?

• A)Terms regarding payment of the premium.
• B)Terms obliging the insurer to indemnify the insured based on the loss actually suffered.
• C)Terms identifying the particular risk or happening to which the policy will respond.
• D)Terms creating an obligation to indemnify or pay money on the happening of a particular event.

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Definitions:

Chapter 7 Trustee

An appointed individual in a Chapter 7 bankruptcy case responsible for managing the debtor's estate, including liquidating non-exempt assets to pay creditors.

Exempt Property

Property that cannot be seized by creditors under bankruptcy laws or in judgment enforcement actions to satisfy debts.

Discharge

In legal terms, it refers to the release from obligation, such as debts, responsibilities, or duties.

U.S. Attorney

Officials responsible for prosecuting violations of federal law and representing the United States government in court.