Evaluate the Following Statements

question 112

Multiple Choice

Evaluate the following statements:

• A) Only I is true.
• B) Only III is true.
• C) Only I and III are true.
• D) I, II, and III are true.
• E) None of the above.

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Definitions:

Life Insurance

A contract between a policy owner and an insurance company that requires the insurance company to pay a designated beneficiary a sum of money upon the occurrence of the insured’s death.

Commercial General Liability

Insurance coverage that protects businesses against claims of bodily injury, property damage, and personal and advertising injury that may arise from its operations.

Intentional Wrongful Acts

Deliberate actions that are illegal or morally incorrect, committed with the understanding or awareness that they are wrong.

Insured

An individual or entity that is covered under an insurance policy receiving protection against loss or damage specified in the policy terms.