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What Is the Liability Faced by an Insurer If It

question 28

Multiple Choice

What is the liability faced by an insurer if it breaches its policy obligations by means of a good faith but erroneous denial of coverage?


Definitions:

Trained

Having received instruction or skill development through formal or informal educational programs.

Ethics Competency

The skill to grasp and employ ethical guidelines and criteria in the decision-making procedure.

Stakeholder Ethics

The moral principles and values that should guide the interactions and decisions involving all parties with an interest in an organization.

Credo

A statement of the beliefs or aims that guide someone's actions.

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