Estelle owns and operates a commercial dairy farm with her son Gabe. Estelle applies to obtain an insurance policy from Farm & Ranch Insurance Company to pay $1 million to Gabe on Estelle's death. This is
A) a violation of state law.
B) an attempt at wagering,but not a violation of state law.
C) liability insurance.
D) life insurance.
Correct Answer:
Verified
Q46: Adrian applies for,and obtains,casualty insurance coverage from
Q47: Donovan obtains from Equity Insurance Company a
Q48: Trial Lawyers,P.A.,obtains an insurance policy that protects
Q49: U-Rents Company wants to insure the equipment
Q50: According to the terms of Ramona's will,specific
Q52: In his will,Terrence leaves $10,000 to each
Q53: Alain and Bette are partners who own
Q54: Kelsey obtains a business liability insurance policy
Q56: Jackie's will states,"I leave my red Corvette
Q60: Energy Industries, Inc., obtains insurance policies with
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