Which of the Following Statements Is True of Insurance Policies

question 41

Multiple Choice

Which of the following statements is true of insurance policies?

• A)The basic principles of contract law apply to insurance policies.
• B)Insurance companies tend to standardize their policies.
• C)Some states forbid standardization of insurance policies.
• D)All of the above.
• E)(a) and (b), but not (c).

---

Definitions:

Public Opinion

The aggregate of individual attitudes or beliefs held by the adult population.

War of 1812

A conflict fought between the United States and the British Empire, along with its indigenous allies, from 1812 to 1815, often cited for its impact on U.S. nationalism and expansion.

Old Northwest

A historical term for the territorial region of the United States northwest of the Ohio River, encompassing states like Ohio, Indiana, Illinois, Michigan, Wisconsin, and parts of Minnesota.

Mississippi River

One of the largest river systems in North America, flowing southwards for over 2,300 miles from its source in Minnesota to the Gulf of Mexico, serving as a vital waterway for transportation, commerce, and ecology.