As a General Rule,if an Applicant Suffers a Loss After

question 4

Multiple Choice

As a general rule,if an applicant suffers a loss after applying but before the insurer formally accepts the application:

• A)the insurer must cover the loss.
• B)the applicant and the insured must share the loss.
• C)the applicant must bear the loss.
• D)the insurer must cover the loss only if there is no binder.

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Definitions:

Middle-Age

A period in a person's life typically ranging from about 45 to 65 years old, characterized by transitions in physical, emotional, and social aspects.

Psychology

The scientific study of the human mind and its functions, especially those affecting behavior in given contexts.

Coping Strategies

Techniques or methods employed by individuals to manage or mitigate stress, grief, or emotional distress.

Unconscious

Refers to the part of the mind that is inaccessible to the conscious mind but that affects behaviors and emotions.