A binder cannot be oral because it becomes very difficulty to prove its existence in case of a dispute.
Correct Answer:
Verified
Q15: The earthquake peril requires separate rating and
Q16: Actual cash value and replacement cost are
Q17: Inherent vice is excluded in insurance coverage.
Q18: Health insurance policies often are written on
Q19: All insurance policies specify the period of
Q21: Which of the following statements is true
Q22: In property/casualty insurance, an agent who has
Q23: Perpetual insurance policies remain in force:
A)until canceled
Q24: In an insurance policy, it states that
Q25: If a peril is not listed in
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