In Every Insurance Contract

question 13

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) there is an endorsement and an insurable interest must be present.
• E) All of the responses are correct.

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Definitions:

Division

A mathematical operation where a number (the dividend) is divided by another number (the divisor) to produce a quotient.

Dictatorship

A form of government in which power is concentrated in the hands of a single leader or a small group, often without democratic consent.

Composition

The act of forming something by combining parts or elements, or the arrangement and structure of parts in a work of art or piece of writing.

Division

The process of separating or segmenting a whole into smaller parts or sections.