All of the following are true concerning marine insurance except:
A) bottomry was an early form of insurance that covered the outstanding balance on a loan for a ship
B) respondentia was an early form of insurance that covered outstanding loans on cargo
C) the earliest ocean marine contracts only covered losses caused by pirates and ship owner's fraud
D) originally coverage did not specify (list) the individual perils causing loss
Correct Answer:
Verified
Q2: Which of the following is not an
Q3: Which of the following factors would not
Q4: Indirect loss coverage (business income insurance) will
Q5: All the following statements are true concerning
Q6: Which of the following statements about schedule
Q7: Identify the exposure that is not shared
Q8: Which of the following is not a
Q9: Which of the following factors would not
Q10: Which of the following is not a
Q11: Ocean marine insurance typically covers all the
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