Which one (1) of the following types of insurance policies do NOT contain Statutory Condition OA) Fire insurance policy. OB) Accident and sickness insurance policy. sicking OC) Commercial general liability policy. OD) Automobile insurance policy.

Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
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Which one (1) of the following types of insurance policies do NOT contain Statutory Conditions?
OA) Fire insurance policy.
khess
B) Accident and sickness
insurance policy.
OC) Commercial general liability policy.
OD) Automobile insurance policy.
Transcribed Image Text:Which one (1) of the following types of insurance policies do NOT contain Statutory Conditions? OA) Fire insurance policy. khess B) Accident and sickness insurance policy. OC) Commercial general liability policy. OD) Automobile insurance policy.
Ray parks his vehicle in the underground parking garage of his condominium building and locks his car. The next
morning he finds that his car is vandalized, and some parts are stolen from inside the car along with his laptop. He has
insurance policies for his car and condominium. How can Ray claim for his damages?
OA) His car insurance policy will pay the claim for vandalism, stolen car parts and the laptop.
OB) The condominium policy will pay the claim for vandalism, stolen car parts and the laptop.
OC) The automobile policy will pay the claim for vandalism and stolen car parts, and the condominium policy will
pay for the laptop.
OD) The automobile policy will pay for vandalism and stolen car parts, and the condominium corporation policy will
pay for the laptop.
Transcribed Image Text:Ray parks his vehicle in the underground parking garage of his condominium building and locks his car. The next morning he finds that his car is vandalized, and some parts are stolen from inside the car along with his laptop. He has insurance policies for his car and condominium. How can Ray claim for his damages? OA) His car insurance policy will pay the claim for vandalism, stolen car parts and the laptop. OB) The condominium policy will pay the claim for vandalism, stolen car parts and the laptop. OC) The automobile policy will pay the claim for vandalism and stolen car parts, and the condominium policy will pay for the laptop. OD) The automobile policy will pay for vandalism and stolen car parts, and the condominium corporation policy will pay for the laptop.
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