It Is Important to Understand the Nature of Such a Policy

question 63

Multiple Choice

It is important to understand the nature of such a policy because the insured has to look for what is not covered rather than what is covered.Identify this perils policy.

• A)Named-perils policy
• B)Open-perils policy
• C)Flexible-perils policy
• D)No risk perils policy
• E)Closed-perils policy

---

Definitions:

Insanity

Insanity is often used colloquially to describe significant mental health problems, but it is formally a legal term for individuals who are unable to understand the nature or quality of their actions during the commission of a crime.

Guilty But Mentally Ill

A legal verdict indicating that the defendant is guilty of the crimes committed but was also suffering from mental illness at the time, which may influence sentencing and treatment.

Plead

To make an explanation or argument, especially in a legal case, or to express something as an excuse.

Optimistic Explanatory Style

A tendency to attribute positive events to personal, permanent causes and negative events to external, temporary causes.