An Addendum Is an Agreement for Temporary Insurance Pending the Insurer's

question 34

True/False

An addendum is an agreement for temporary insurance pending the insurer's decision to accept or reject the risk.

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Definitions:

Expected Time

The estimated time assumed for the completion of a task or project, often used in planning and scheduling.

Optimistic

A mindset or attitude that tends to expect the most favorable outcomes of situations or believes that good ultimately predominates over evil in the world.

Pessimistic

A tendency to anticipate unfavorable outcomes or emphasize the negative aspects of a situation.

Expected Time

An estimation of the duration it would likely take to complete a task, often used in project management for scheduling.