The insured has failed to respond to recommendations to correct the elimination of existing hazards discovered during a recent inspection of the property by the insurer. The insurance company will not 1. eliminate some of the coverage on the policy 2. contact a contractor to fix the problems 3. send a non-renewal notice to the insured 4. Increase the premium being charged

The insured has failed to respond to recommendations to correct the elimination of existing hazards discovered during a recent inspection of the property by the insurer. The insurance company will not 1. eliminate some of the coverage on the policy 2. contact a contractor to fix the problems 3. send a non-renewal notice to the insured 4. Increase the premium being charged

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

v08

The insured has failed to respond to
recommendations to correct the elimination of
existing hazards discovered during a recent
inspection of the property by the insurer. The
insurance company will not
1. eliminate some of the coverage on the
policy
2. contact a contractor to fix the problems
3. send a non-renewal notice to the insured
4. Increase the premium being charged

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