Which of the Following Is an Insurer's Duty

question 6

Multiple Choice

Which of the following is an insurer's duty?

• A) to pay back the insured's money on demand
• B) to pay back the premiums paid by the insured upon an endorsement of insurance
• C) to pay legitimate claims up to the insurance policy limits
• D) to pay interest for the premiums paid by insured on a monthly or yearly basis

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Definitions:

Universal Causality

The philosophical concept that every event or action results from preceding events in accordance with the laws of nature.

Equal and Opposite Reaction

Newton's third law of motion, which states that for every action, there is an equal and opposite reaction.

Two-World Hypothesis

A philosophical or theoretical postulate suggesting the existence of two distinct realms or worlds, often used to differentiate between the physical and the non-physical (e.g., the material and the spiritual or the ideal).

Skepticism

An attitude of doubt towards claims lacking empirical evidence or inherent plausibility, often requiring critical thinking and questioning before acceptance.