All of the following statements about endorsements and riders are true EXCEPT

A) They are usually written.
B) They can be used to add or delete policy provisions.
C) They normally take precedence over other conflicting policy provisions.
D) They are primarily used to circumvent legislation requiring specific policy provisions.


Answer: D

Business

You might also like to view...

Accountants play many roles relating to the accounting information system, including all of the following except

a. system users b. system designers c. system auditors d. system converters

Business

A company's property records revealed the following information about its plant assets:Machine No.CostSalvage ValuePurchase DateEstimated LifeDepreciation Method1$42,000$3,00010/13 yearsStraight-line286,0008,6007/015 yearsDouble-declining-balanceCalculate the depreciation expense for each machine in Year 1 and Year 2 for the year ended December 31.Machine 1:  Year 1 ________  Year 2 ________Machine 2:  Year 1 ________ Year 2 ________

What will be an ideal response?

Business

The three types of requirements for networking resulting from

DDP are connectivity, availability, and performance. Indicate whether the statement is true or false

Business

All procurement documents should be in _____ form in order to facilitate accurate and complete responses from prospective sellers

Fill in the blank(s) with correct word

Business