Under a Cash Value Policy, the Loss of a $600

question 54

Multiple Choice

Under a cash value policy, the loss of a $600 item with an estimated life of five years that was purchased three years ago and has a replacement cost of $900 would result in a payment from the insurance company of

• A) $600.
• B) $900.
• C) $240.
• D) $360.

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Definitions:

Hypothetical Question

A question based on fictional scenarios, used to assess or illustrate a point rather than solicit factual responses.

Leading Question

A question that suggests or "leads" to a desired answer. Interviewers may use leading questions to elicit responses from witnesses who otherwise would not be forthcoming.

Leading Question

A type of question posed during a legal examination that suggests the answer or contains the information the examiner is looking to have confirmed.

Open-Ended Question

A type of question that allows for a broad range of responses, encouraging detailed and thorough answers.