A person insured under a property policy goes bankrupt and sustains à löss (1) of the following statements describes the legal situation that exists? OA) The policy is void because the insured is bankrupt. OB) The insurer is liable to pay the loss to the trustee in bankruptcy. OC) Bankruptcy is considered a material change to the risk and the policy is therefore void. OD) The loss would be paid by the Trustee in Bankruptcy.
A person insured under a property policy goes bankrupt and sustains à löss (1) of the following statements describes the legal situation that exists? OA) The policy is void because the insured is bankrupt. OB) The insurer is liable to pay the loss to the trustee in bankruptcy. OC) Bankruptcy is considered a material change to the risk and the policy is therefore void. OD) The loss would be paid by the Trustee in Bankruptcy.
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