Which of the following is an insurer's duty?
A) to pay back the insured's money on demand
B) to pay back the premiums paid by the insured upon an endorsement of insurance
C) to pay legitimate claims up to the insurance policy limits
D) to pay interest for the premiums paid by insured on a monthly or yearly basis
Correct Answer:
Verified
Q7: In the context of insurance, what does
Q8: Who is an underwriter?
A) a lawyer who
Q9: Insurance is a form of coverage for
Q10: An insurance broker is an agent of
Q11: _ is a requirement that a person
Q13: Which of the following statements is true
Q14: Insurance policies can only be sold by
Q15: Insurance coverage is typically suspended during grace
Q16: An insurance contract is called a _.
A)
Q17: For a life insurance, insurable interest is
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