Which factor does NOT need to be shown on a binder? OA) Value of the home OB) Location of the home OC) Distance of the home to a firehall OD) Name of the insured party A financing company has leased a photocopier to a client. They want to be added as an additional named insured. How should a Broker add the client's interest to the policy? OA) Named Insured OB) Additional named insured OC) An additional insured OD) No need to add the client. The Standard Mortgage clause already covers the client.
Which factor does NOT need to be shown on a binder? OA) Value of the home OB) Location of the home OC) Distance of the home to a firehall OD) Name of the insured party A financing company has leased a photocopier to a client. They want to be added as an additional named insured. How should a Broker add the client's interest to the policy? OA) Named Insured OB) Additional named insured OC) An additional insured OD) No need to add the client. The Standard Mortgage clause already covers the client.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Which factor does NOT need to be shown on a binder?
OA) Value of the home
OB) Location of the home
OC) Distance of the home to a firehall
OD) Name of the insured party

Transcribed Image Text:A financing company has leased a photocopier to a client. They want to be added as an additional named insured. How
should a Broker add the client's interest to the policy?
OA) Named Insured
OB) Additional named insured
OC) An additional insured
OD) No need to add the client. The Standard Mortgage clause already covers the client.
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