Most Property Insurance Policies Are Open Policies That Allow the Insured

question 66

True/False

Most property insurance policies are open policies that allow the insured to recover the fair market value of the property,subject to the limits in the policy.

---

Definitions:

Organizational Change

The process through which a company or other entity alters its structures, strategies, operational methods, technologies, or organizational culture.

Continuous

Something that occurs in an unbroken or consistent manner over time, often without stopping or interruption.

Episodic

Pertaining to events or experiences that are distinct, separate, and often isolated in time, resembling episodes.

Organizational Development

is a planned, organization-wide effort to increase an organization's effectiveness and viability through interventions in its processes.