A Unique, Attractive Feature of a Commercial Insurance Policy Is

question 77

Multiple Choice

A unique, attractive feature of a commercial insurance policy is that both real and personal property are valued on:

• A)an appraised cash value basis.
• B)a market-adjusted depreciated value basis.
• C)a replacement-cost basis.
• D)a proximal-to-value basis.

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Definitions:

Economic Liability

A financial obligation or debt that poses a potential cost to an individual or entity.

Industrialized Societies

Societies characterized by a high level of industrial development and a significant proportion of the population employed in the manufacturing and service sectors.

Motherhood Mystique

The idealized and unrealistic image of motherhood that suggests it is inherently easy and fulfilling for every woman.

Patriarchal Status Quo

The prevailing social condition in which men hold primary power and predominate in roles of political leadership, moral authority, social privilege, and control of property.