All Events Resulting in Automobile Liability Are

question 59

Multiple Choice

All events resulting in automobile liability are:

• A)excluded unless specifically included.
• B)covered unless specifically excluded.
• C)on a named-perils basis.
• D)settled by the insurer without the approval of the insured.
• E)paid by the insurer even after the limit of liability is crossed.

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Definitions:

Employer

An individual or organization that hires and pays employees for their labor or services.

Decentralized Bargaining

A negotiation process where bargaining occurs at the local or unit level rather than centrally, allowing for agreements tailored to specific contexts.

Greater Power

Refers to the superior strength or influence one entity holds over another, potentially affecting decisions and outcomes.

Decentralized Bargaining

A negotiation strategy where collective bargaining is conducted at a local or departmental level, rather than on a national or organizational level, allowing for more specific and directly relevant agreements.