What Is a Correct Statement Concerning Burden of Proof

question 8

Multiple Choice

What is a correct statement concerning burden of proof?

• A) The insured has the burden of proving that the loss was a covered loss.
• B) The insurer has the burden of proving that the loss was not covered.
• C) Exceptions to coverage are liberally interpreted in favor of the insurer.
• D) Exceptions to coverage are disregarded in life insurance matters.

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Definitions:

Annual Year-end Payments

Payments made at the end of a fiscal year, often related to taxes, dividends, or bonuses.

Interest Rate

The percentage of a sum of money charged for its use, often expressed annually.

Annual Rate

A percentage representing the interest, return, or changes expected over a one-year period for investments, loans, or growth calculations.

Interest Rate

The percentage of a sum of money charged for its use, typically expressed as an annual percentage.