To Prevent the Use of the Insurance Policy for Wagering

question 38

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:

Workbook

A file containing one or more spreadsheets, used in programs like Microsoft Excel for organizing data.

Macros

Automated sequences of computer commands or scripts designed to simplify repetitive tasks within software applications.

Encrypt

Changing information or data into a coded format specifically to protect against unauthorized access.

Password

A secret sequence of characters that is used to access a computer system, network, or online account.