In Every Insurance Contract

question 7

Multiple Choice

In every insurance contract

• A)there is an endorsement.
• B)an insurable interest must be present.
• C)the insured pays the premiums.
• D)a and b.
• E)All of these.

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Definitions:

Benefit Highlighting

The practice of emphasizing the advantages or positive aspects of a product, service, or opportunity to persuade or inform an audience.

Trouble

A state of distress, difficulty, or need; situations that cause discomfort or problems.

Non-Compliance

Failure or refusal to act in accordance with set rules, regulations, or standards.

Fair Adjustment

An equitable modification or change made to resolve a dispute or correct an imbalance.