________ Is a Type of Ownership That Exists Only Between

question 47

Multiple Choice

________ is a type of ownership that exists only between married couples.

• A)Survivorship tenancy
• B)Tenancy by the entirety
• C)Common tenancy
• D)Marriage tenancy
• E)Conjugal tenancy

---

Definitions:

Life Insurance Contract

A legal agreement between an insurance company and an individual, where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person.

Insurer's Liability

Represents the maximum amount a insurance company is obligated to pay to the insured under the terms of an insurance policy.

Insured

A person or entity covered by an insurance policy, receiving protection against specified risks in exchange for premium payments.

Proof of Loss

A formal statement made by a policyholder to an insurance company detailing a claimed loss's circumstances and amount.