A Rider Is Any Document Attached to the Policy That

question 52

True/False

A rider is any document attached to the policy that modifies its coverage by adding or excluding specified conditions or altering its benefits.

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Definitions:

Negotiable

Capable of being discussed in order to reach an agreement or capable of being transferred by endorsement or delivery.

Specific Brand

A particular brand that is identified or specified, often distinguished by its unique name, logo, and product attributes.

Order Instrument

A financial document or tool that directs the payment of money, often used in transactions to specify the payer and payee.

Negotiable

Capable of being discussed or modified in order to reach an agreement, or in terms of financial instruments, able to be transferred or assigned from one party to another.