Doug's Commercial Insurance Policy on His Fishing Guide Business Excludes

question 60

Multiple Choice

Doug's commercial insurance policy on his fishing guide business excludes property losses due to the wakes of other fishing boats.This example illustrated the ____ approach to property insurance.

• A)foreseen risk
• B)insurance-to-value
• C)all-risk
• D)named-peril

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Definitions:

Decision-Making

The cognitive process of selecting a course of action among multiple alternatives.

Controversy

A prolonged public dispute or debate marked by differences in opinion or strongly opposing views.

Press Freedom

The principle that communication and expression through various media, including print and electronic, should be considered a right to be exercised freely.

Ferdinand Tönnies

A German sociologist known for his analysis of social groups and the distinction between community (Gemeinschaft) and society (Gesellschaft).