Suspension of an insurance contract negates coverage as long as some condition exists.Once the condition is eliminated, protection reverts after a new agreement between the parties.
Correct Answer:
Verified
Q2: Insuring clauses do not vary greatly from
Q3: Personal injury is the physical injury to
Q4: When an insurance policy is suspended, the
Q5: The function of the agent is to
Q6: An open-perils policy provides broader coverage than
Q8: Exclusions exist to limit coverage of nonfortuitous
Q9: A named-perils policy usually requires a higher
Q10: Losses due to wear and tear are
Q11: Losses that are accidental make prediction difficult,
Q12: Riders are used with life/health policies, whereas
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