The Personal Feature of Property Insurance Contracts Means That

question 42

Multiple Choice

The personal feature of property insurance contracts means that:

• A) subrogation always applies
• B) ambiguities in the wording will always be construed against the insurer
• C) insurance contracts cannot be freely transferred to other parties
• D) the buyer of insurance must have insurable interest in property before the policy is issued

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Definitions:

Religion

A set of beliefs concerning the cause, nature, and purpose of the universe, often involving ritual observances and a moral code.

Ethnicity

A social group that shares a common and distinctive culture, religion, language, or the like.

Bias

A tendency to prefer one person, group, thing, or idea over others in a way that is considered to be unfair.

Workplace Stereotypes

are oversimplified and widely held beliefs about specific types of individuals or certain jobs within the workplace.