98 100 English Français 41 questions remaining Claudia contacts the Broker requesting a binder certificate for the second mortgage with a private lender. What is NOT an underwriting concern with this request? OA) The lender is not regulated like charter banks. OB) Insured is going though a financial hardship. OC) Insured is staging a loss to alleviate financial problems. OD) The lender is located in another province. A Broker receives a call from a client looking to remove the Direct Compensation Property Damage to lower their premium. The Broker tries to explain the coverage to the client as the client is unfamiliar with this coverage. What coverage is provided under Direct Compensation Property Damage as explained by the Broker? OA) Damage to a rented automobile outside of Canada. B) Indemnity for lost income as the result of an injury while driving the automobile. OC) Damages to the automobile when the accident is not an insureds fault. OD) Damages to a rented automobile within Canada and the Continental US.
98 100 English Français 41 questions remaining Claudia contacts the Broker requesting a binder certificate for the second mortgage with a private lender. What is NOT an underwriting concern with this request? OA) The lender is not regulated like charter banks. OB) Insured is going though a financial hardship. OC) Insured is staging a loss to alleviate financial problems. OD) The lender is located in another province. A Broker receives a call from a client looking to remove the Direct Compensation Property Damage to lower their premium. The Broker tries to explain the coverage to the client as the client is unfamiliar with this coverage. What coverage is provided under Direct Compensation Property Damage as explained by the Broker? OA) Damage to a rented automobile outside of Canada. B) Indemnity for lost income as the result of an injury while driving the automobile. OC) Damages to the automobile when the accident is not an insureds fault. OD) Damages to a rented automobile within Canada and the Continental US.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:98
100
English Français
41 questions remaining
Claudia contacts the Broker requesting a binder certificate for the second mortgage with a private lender. What is NOT an
underwriting concern with this request?
OA) The lender is not regulated like charter banks.
OB) Insured is going though a financial hardship.
OC) Insured is staging a loss to alleviate financial problems.
OD) The lender is located in another province.
Transcribed Image Text:A Broker receives a call from a client looking to remove the Direct Compensation Property Damage to lower their
premium. The Broker tries to explain the coverage to the client as the client is unfamiliar with this coverage. What
coverage is provided under Direct Compensation Property Damage as explained by the Broker?
OA) Damage to a rented automobile outside of Canada.
B) Indemnity for lost income as the result of an injury while driving the automobile.
OC) Damages to the automobile when the accident is not an insureds fault.
OD) Damages to a rented automobile within Canada and the Continental US.
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