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0 Th for risic The The appl

0 Th for risic The The appl

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48 of 90 An insurer may reject a risk for any number of reasons Which one (1) of the following is NOT usually a reason for rejection? The risk may be so much more hazardous than the average that it has the potential for almost certain loss. The broker submitting the risk does not have an office in the munie pality where the risk is situated. The insurer may not insure that class of business. O The risk, though sub-standard, could be improved and made acceptable but the applicant refuses to do so. For 1 pa
Transcribed Image Text:48 of 90 An insurer may reject a risk for any number of reasons Which one (1) of the following is NOT usually a reason for rejection? The risk may be so much more hazardous than the average that it has the potential for almost certain loss. The broker submitting the risk does not have an office in the munie pality where the risk is situated. The insurer may not insure that class of business. O The risk, though sub-standard, could be improved and made acceptable but the applicant refuses to do so. For 1 pa
A contract of insurance to indemnify the insured in the event of loss will NOT provide which one (1) of the following forms of payment to the insured? OA) Compensation for the loss or expenses incurred. B) Reimbursement for the armount of the loss up to the limit of the policy. ⒸC) Restoring the insured as nearly as possible to his/her position before o Reimbursement for the replacement cost of the property or destroyed. the loss. damaged
Transcribed Image Text:A contract of insurance to indemnify the insured in the event of loss will NOT provide which one (1) of the following forms of payment to the insured? OA) Compensation for the loss or expenses incurred. B) Reimbursement for the armount of the loss up to the limit of the policy. ⒸC) Restoring the insured as nearly as possible to his/her position before o Reimbursement for the replacement cost of the property or destroyed. the loss. damaged
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