Which of the following is a distinguishing characteristic of a duty to disclose?
A) It is applicable to the point in time the insurance application is made.
B) It is considered by law to be an insured's ongoing obligation.
C) It requires the prompt,oral communication of material changes to the insurer.
D) Compliance automatically adjusts the policy coverage.
Correct Answer:
Verified
Q11: What type of insurance would provide payment
Q12: When an insurer compensates an insured,it has
Q13: What is the purpose of a deductible
Q14: Which term refers to a clause that
Q15: What is the name given to the
Q17: Which of the following is an implication
Q18: What is the purpose of the requirement
Q19: Under which level of government jurisdiction do
Q20: Which type of insurance system emphasizes providing
Q21: What type of insurance product would a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents