A Vehicle Exists,actually Belongs to the Insured,and Is Actually Stolen

question 24

Multiple Choice

A vehicle exists,actually belongs to the insured,and is actually stolen.How does fraud occur in this type of situation?

• A) The fraud occurs when the insured makes a false claim concerning the physical or mechanical condition of the vehicle when it was stolen.
• B) The fraud occurred when the owner initially purchased the vehicle and insured it for more than it was worth.
• C) The vehicle that exists is not the vehicle that is on the insurance policy.
• D) None of the preceding.

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Definitions:

Noble Gas

Any of the inert gas elements located in the rightmost column of the periodic table, characterized by their lack of chemical reactivity.

Valence Shells

The outermost shell of an atom that contains the electrons involved in forming bonds.

Noble Gas Elements

Elements in group 18 of the periodic table, known for their lack of reactivity due to having full valence electron shells.

Electrons

Negatively charged subatomic particles found in all atoms, orbiting the nucleus and involved in chemical bonds and electricity.