Use of Systems Like Point-Of-Sale, Radio-Frequency Identification Tags, Bar-Code Scanners

question 6

True/False

Use of systems like point-of-sale, radio-frequency identification tags, bar-code scanners, and automatic recognition has made it more difficult to understand what all the information is saying.

Distinguish between policies based on coverage such as liability, fire, life, and workers' compensation insurance.

Understand the implications and mechanics of policy terms like coinsurance clauses and their impact on claims recovery.

Comprehend the necessity for acting in good faith in insurance dealings and the consequences of failure to do so.

Grasp the legal and contractual foundations guiding the cancellation and termination of insurance policies.