Commerce Insurance Inc

question 71

Multiple Choice

Commerce Insurance Inc. has a valid reason to cancel a policy issued to DIY Auto Parts LLC. In most states, the insurer could cancel the policy on

• A)advance oral or written notice.
• B)oral or written notice but only after arbitration.
• C)no notice.
• D)advance written-not oral-notice.

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Definitions:

Shipper and Carrier

A shipper is a person or company sending goods; a carrier is the party responsible for the transport of those goods.

Contract

A legally binding agreement between two or more parties that is enforceable by law.

Environmental Performance

Refers to an organization’s impact on the environment, including the ways in which it manages resources and waste to mitigate harmful effects.

Cost Reductions

Strategies and actions taken to lower expenses and improve efficiency.