An Insurance Policy Contains the Elements of ___________

question 5

Multiple Choice

An insurance policy contains the elements of ___________.

• A) identification of the risks covered
• B) the specific amount payable
• C) the specified occurrence
• D) all of the above

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Definitions:

Unregulated Settlement

Areas where people establish homes and communities without official authorization, planning, or adherence to legal regulations.

Western Boundaries

Geographic or political limits of territories located in the western part of a country or region.

Governmental Regulation

The act of controlling, directing, or managing activities, industries, or behaviors through rules or laws by a governing authority.

Private Land Companies

Organizations or enterprises that buy, sell, develop, or manage real estate properties for profit.