All of the Following Persons Are Insured for Personal Liability

question 28

Multiple Choice

All of the following persons are insured for personal liability under the homeowners policy EXCEPT

• A)children of the named insured under age 24 who are attending college full time and temporarily residing elsewhere.
• B)foster children under the age of 21 who reside with the named insured.
• C)nonresident employees of the named insured.
• D)the spouse of the named insured if a resident of the same household.

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Definitions:

Finance Charge

A fee representing the cost of credit, including interest and other charges, incurred on a sum borrowed or on credit transactions.

Net Balance

The amount remaining after all deductions have been made, often used in the context of financial accounts.

Billing Date

The billing date refers to the date on which a bill is generated, outlining the charges incurred by the customer.

Finance Charge

The total cost of borrowing, including interest and other charges, on a loan or on credit provided.