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Which of the Following Activities Is NOT a Function of a Local

question 59

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Which of the following activities is NOT a function of a local union?


Definitions:

Premiums

The amounts paid for insurance coverage by the insured to the insurance company.

Insurable Interest

A basic requirement for the issuance of an insurance policy, indicating that the person purchasing the policy has a stake in the safety or preservation of the insured item or person.

Equipment

Tangible assets used in the operation or activities of a business or entity, ranging from office supplies to machinery.

Arbitration Clause

A contract provision that requires parties to settle disputes through arbitration rather than litigation in courts.

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