If a peril is not listed in the insurance contract, loss resulting from it is not covered.Identify this policy.
A) Open-perils policy
B) Flexible-perils policy
C) Closed-perils policy
D) Named-perils policy
E) All risk perils policy
Correct Answer:
Verified
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
Q24: In an insurance policy, it states that
Q26: Which of the following sections is generally
Q27: These are statements that identify the person(s)
Q28: With cancelable policies, the insurer is responsible
Q29: Identify the policy that covers losses caused
Q30: Identify the element of the insurance contract
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