Answered: What will an insurer do if a loss… | bartleby

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What will an insurer do if a loss occurs under an insurance
binder before a policy has been issued?
The insurer will pay the claim in accordance with the coverages bound.
The insurer will take no action until a policy is issued.
The insurer will demand that the broker pay the loss.
The insurer will cancel the binder by registered letter and deny liability.

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