Which of the Following Is an Accurate Statement About Property

question 34

Multiple Choice

Which of the following is an accurate statement about property insurance policies?

• A)They are less likely to provide coverage for flood-related losses than for lightning-related losses.
• B)They are more likely to provide coverage for losses resulting from friendly fires than for losses resulting from hostile fires.
• C)They do not provide coverage for losses resulting from fires that were intentionally caused by persons having no connection with the insured.
• D)Requisite insurable interest must generally exist at the time of the entering into the policy.

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Definitions:

Ethical Responsibilities

Obligations to adhere to a set of professional values and principles that guide social workers in their practice, including respect for individuals and commitment to socially responsible actions.

Macro Social Environment

The broader socio-cultural and economic conditions that influence individuals, communities, and societies at large.

Political Forces

The influence exerted by political parties, interest groups, or individuals within the political system, shaping policies and decision-making.

Social Forces

External societal factors that influence individuals' behaviors, attitudes, or life circumstances, such as cultural norms, economic conditions, or political climates.