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:

Container Product

A product designed to hold or contain other products, goods, or materials.

Bulk Packaging

The practice of packaging products in large containers or quantities for efficient transport and storage, typically used for wholesale.

Capacity

Maximum output of the operation of an organization.

Residual Income

A measure of net income that remains after subtracting a charge for the capital cost involved in generating that income.