Which of the Following Statements About the Insurer's Obligation to Provide

question 6

Multiple Choice

Which of the following statements about the insurer's obligation to provide a legal defense under the personal liability coverage (CoverageE) of the homeowners policy is (are) true?
I.The insurer agrees to defend the insured only if the suit is not groundless,false,or fraudulent.
II.The insurer's obligation to defend the insured ceases after the amount paid for damages from an occurrence equals the policy limit.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Permanent Record

A comprehensive record of an individual's history or a document's existence, often used in educational or professional contexts to track performance and achievements.

Oral Medium

An oral medium refers to communication or expression through spoken words, as opposed to written or visual forms.

Physical Space

Physical space refers to the tangible, three-dimensional environment in which humans live, work, and interact.

Immediate Interactions

Direct and instant communication or engagement between individuals or entities.