An Individual Has an Insurable Interest in Property Whenever That

question 12

Multiple Choice

An individual has an insurable interest in property whenever that person derives a(n) ________

• A) above fair market value quote for the property.
• B) ownership interest separate from a lending agency.
• C) a clear title to the property.
• D) fair market selling price.
• E) financial benefit from its continued use.

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Definitions:

Infant Memory

The capacity of infants to encode, store, and retrieve information experienced early in life.

Preferential Looking

A research methodology based on the observation that infants will look longer at more interesting or complex visual stimuli, used to assess vision and cognitive processing.

Accommodation

In cognitive development, the process by which an individual modifies existing cognitive schemas, perceptions, and understandings to make new information fit.

Habituation

The gradual decline in the intensity, frequency, or duration of a response when repeatedly exposed to a stimulus; indicates learning.