Homework Help is Here – Start Your Trial Now!
Business
Business Law
e "Pair and Set" clause in a Property insurance policy states which one (1) of the following? OA) The insurer will only pay one-half of the insurance if one of a pair is destroyed or damaged. OB) The insurer will not pay for loss of a pair of precious stones unless they are properly set in the amount containing them. OC) Settlement of a loss with respect to an article which is part of a set, shall be based upon the basis that entire set has been destroyed or damaged. OD) Settlement of a loss with respect of an article which is part of a set, shall be based upon a reasonable proportion of the value of the set, but not the entire set.

e "Pair and Set" clause in a Property insurance policy states which one (1) of the following? OA) The insurer will only pay one-half of the insurance if one of a pair is destroyed or damaged. OB) The insurer will not pay for loss of a pair of precious stones unless they are properly set in the amount containing them. OC) Settlement of a loss with respect to an article which is part of a set, shall be based upon the basis that entire set has been destroyed or damaged. OD) Settlement of a loss with respect of an article which is part of a set, shall be based upon a reasonable proportion of the value of the set, but not the entire set.

icon
Related questions
Question

Pls help ASAP

The "Pair and Set" clause in a Property insurance policy states which one (1) of the following? OA) The insurer will only pay one-half of the insurance if one of a pair is destroyed or damaged. OB) The insurer will not pay for loss of a pair of precious stones unless they are properly set in the amount containing them. OC) Settlement of a loss with respect to an article which is part of a set, shall be based upon the basis that the entire set has been destroyed or damaged. OD) Settlement of a loss with respect of an article which is part of a set, shall be based upon a reasonable proportion of the value of the set, but not the entire set.
Transcribed Image Text:The "Pair and Set" clause in a Property insurance policy states which one (1) of the following? OA) The insurer will only pay one-half of the insurance if one of a pair is destroyed or damaged. OB) The insurer will not pay for loss of a pair of precious stones unless they are properly set in the amount containing them. OC) Settlement of a loss with respect to an article which is part of a set, shall be based upon the basis that the entire set has been destroyed or damaged. OD) Settlement of a loss with respect of an article which is part of a set, shall be based upon a reasonable proportion of the value of the set, but not the entire set.
An insurance binder is not valid unless the broker has: OA) a completed and signed application. O B) received the full estimated premium in advance. OC) authority from an insurer to bind the risk. OD) other supporting business from the applicant. Font Size:
Transcribed Image Text:An insurance binder is not valid unless the broker has: OA) a completed and signed application. O B) received the full estimated premium in advance. OC) authority from an insurer to bind the risk. OD) other supporting business from the applicant. Font Size:
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer