To Prevent the Use of the Insurance Policy for Wagering

question 26

Multiple Choice

To prevent the use of the insurance policy for wagering purposes, the person who is to be indemnified under the contract must have:

• A) good faith.
• B) an insurable interest.
• C) a binder.
• D) a coinsurance clause.

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Definitions:

Excess Emissions

The amount of pollutants discharged into the environment that exceeds what is permitted by law or regulation.

Substantial Fines

Significant monetary penalties imposed on an individual or company for violations of laws, regulations, or agreements.

Ethical Investment Funds

Investment funds that consider environmental, social, and corporate governance criteria to generate long-term competitive financial returns and positive societal impact.

Climate Change

A significant and lasting change in the statistical distribution of weather patterns over periods ranging from decades to millions of years.