All insurance contracts may be canceled at the option of the insurer.
Correct Answer:
Verified
Q4: Most policies of property-liability insurance cover property
Q5: In insurance, a franchise refers to the
Q6: Apportionment clauses preserve the principle of indemnity.
Q7: An insured is required to notify of
Q8: The sue-and-labor clause has to do with
Q10: The cancellation clause gives the insurer the
Q11: Assignment of rights under insurance contracts is
Q12: A third party is not a direct
Q13: Inflation could cause an insured to suffer
Q14: In property insurance, the purpose of coinsurance
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