When an Insurance Policy Is Ambiguous, the Policy Is Interpreted

question 43

Multiple Choice

When an insurance policy is ambiguous, the policy is interpreted:

• A) against the insurer.
• B) in favor of the insurer.
• C) according to the dictionary meaning of the words.
• D) according to the meaning of the words in the insurance industry.

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Definitions:

Moral Violations

Acts or behaviors that transgress established moral principles or ethical standards.

Higher Good

A concept referring to the ultimate value or aim that is deemed supremely beneficial or virtuous.

Kohlberg

Refers to Lawrence Kohlberg, a psychologist known for his theory of moral development, which suggests that moral reasoning develops in stages.

Moral Judgments

Evaluations or decisions made about the rightness or wrongness of actions based on a set of ethical principles or moral values.