When an Insurance Policy Is Ambiguous, the Policy Is Interpreted

question 43

Multiple Choice

When an insurance policy is ambiguous, the policy is interpreted:

• A) against the insurer.
• B) in favor of the insurer.
• C) according to the dictionary meaning of the words.
• D) according to the meaning of the words in the insurance industry.

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Definitions:

Symbolic Interactionism

A sociological perspective focusing on the role of symbols and language in human interactions and how they influence the way individuals perceive and define their social world.

Group Processes

The dynamic interactions and methods through which individuals in a group interact, communicate, and make decisions.

Social Structure

Social structure refers to the organized pattern of social relationships and social institutions that make up a society, shaping the behavior of its members.

Middle-Range Theories

Narrow, focused, theoretical frameworks that explain the conditions that produce some specific social behavior.