Which of the Following Is a Distinguishing Characteristic of a Duty

question 23

Multiple Choice

Which of the following is a distinguishing characteristic of a duty to disclose?

• A) It is applicable to the point in time the insurance application is made.
• B) It is considered by law to be an insured's ongoing obligation.
• C) It requires prompt, oral communication of material changes to the insurer.
• D) Compliance automatically adjusts the policy coverage.

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Definitions:

Marketing Channel Structure

The organized framework of intermediaries and components through which a product or service moves from producer to end consumer.

Vertical Channel Conflict

A type of channel conflict in which members of the same marketing channel, for example, manufacturers, wholesalers, and retailers, are in disagreement or discord.

Marketing Channel Management

The process of overseeing the pathways through which products or services flow from producers to consumers, including logistics and distributor relations.

Corporate Vertical Marketing System

A system in which the parent company has complete control and can dictate the priorities and objectives of the supply chain; it may own facilities such as manufacturing plants, warehouse facilities, retail outlets, and design studios.