Health insurance policies often are written on an open-perils basis.
Correct Answer:
Verified
Q13: More insurance is bought rather than sold.
Q14: Liability policies usually cover damage to or
Q15: The earthquake peril requires separate rating and
Q16: Actual cash value and replacement cost are
Q17: Inherent vice is excluded in insurance coverage.
Q19: All insurance policies specify the period of
Q20: A binder cannot be oral because it
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
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