Which one (1) of the following conditions affects the amount of settlement of an insured loss? OA) Subrogation Clause. OB) Named Perils Rider. OC) Co-insurance Clause. OD) Subscription policy with four insurers.
Which one (1) of the following conditions affects the amount of settlement of an insured loss? OA) Subrogation Clause. OB) Named Perils Rider. OC) Co-insurance Clause. OD) Subscription policy with four insurers.
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Transcribed Image Text:Which one (1) of the following conditions affects the amount of settlement of an insured loss?
OA) Subrogation Clause.
OB) Named Perils Rider.
OC) Co-insurance Clause.
OD) Subscription policy with four insurers.
Transcribed Image Text:Your insured holds a property insurance policy and dies. Shortly afterwards, a fire damages the insured premises.
Which one (1) of the following statements is true?
OA) The insurer does not have to pay because there is no insured to make a claim.
OB) The insurer is liable for loss occurring after change of title by succession.
OC) The policy is void upon the death of the insured.
OD) The insurer will not pay because the policy has not been transferred to his/her beneficiary.
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