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 amountcontaining them.OC) Settlement of a loss with respect to an article which is part of a set, shall be based upon the basis that theentire 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 reasonableproportion 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:

The insurance industry operates on a foundation of policies and clauses that carefully outline the…

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