Under an Open Perils Insurance Policy

question 57

Multiple Choice

Under an open perils insurance policy:

• A) covered perils are spelled out, usually using a numbered list
• B) any piece of property not excluded is covered
• C) absolutely all risks of losses are covered, those having an illegal purpose
• D) all perils not excluded are covered

Understand the societal shift in attitudes towards welfare and poverty due to historical events.

Understand the basics of starting and using a Windows computer.

Identify and use basic touch screen gestures.

Recognize different user interface elements and their purposes.

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Definitions:

Cash Equivalents

Short-term, highly liquid investments that are readily convertible to known amounts of cash and have original maturities of three months or less.

Liquid Investment Assets

Liquid investment assets are financial assets that can be quickly converted into cash with minimal loss of value, such as stocks and bonds.

Market Value

The current market rate for acquiring or selling an asset or service openly.

Signature Card

A document signed by an account holder that allows a bank to verify the account holder's signature on checks and other documents.