Which one (1) of the following correctly completes the statement? Electronic accessories or equipment in an automobile arecovered under O.A.P. 1 Owner's Policy...OA) for their full actual cash value.OB) for their full actual cash value if factory installed.OC) for their full replacement costOD) up to $5,000.00. If an insurer discovers a misrepresentation has been made by an insured or a broker, the insurer may take steps to rectify thesituation. Which one (1) of the following steps is the insurer NOT permitted to take if the misrepresentation is material to the risk?OA) Continue the contract as it stands.OB) Re-rate the risk and continue the contract for an additional premium.OC) Cancel the contract and retain the entire premium paid as a penalty to the insured.OD) Void the contract and return the paid premium in full.

Note: As per bartleby guidelines in case multiple questions are asked by the students then the…

Which one (1) of the following correctly completes the statement? Electronic accessories or equipment in an automobile are covered under O.A.P. 1 Owner's Policy... OA) for their full actual cash value. OB) for their full actual cash value if factory installed. OC) for their full replacement cost OD) up to $5,000.00.

Which one (1) of the following correctly completes the statement? Electronic accessories or equipment in an automobile are covered under O.A.P. 1 Owner's Policy... OA) for their full actual cash value. OB) for their full actual cash value if factory installed. OC) for their full replacement cost OD) up to $5,000.00.