Timothy, who lives alone, has a comprehensive general liability home insurance policy with the Great Pacific insurance company. He is planning to travel the world for a year and leave his home locked up while he is away
Which of the following should Timothy do?
A) Tell the insurance company of his plans to leave the house vacant as doing this constitutes a change in the risk.
B) Tell the insurance company of his plans because if he does not it will breach the fiduciary duty he owes the insurance company
C) Give the insurance company of a forwarding address in case it needs to contact him
D) Tell the insurance company so he can get a major reduction in his rates.
E)He does not have to tell the insurance company as he still owns the property and he is free to travel.
A
You might also like to view...
How does the federal government incentivize corporations to have an ethics and compliance officer or chief compliance officer?
a. Corporations with this receive significant tax breaks. b. The Federal Sentencing Guidelines provide incentives. c. Incentives are provided through advertising of “ethical” companies by the Commerce Department. d. The federal government exempts such corporations from fraud investigations.
Explain the components of report text
In their approximate form, PPP, IRP, and forward rates as an unbiased predictor of the future spot rate lead to similar forecasts of the future spot rate
Indicate whether the statement is true or false.
In large cities talent agencies typically charge clients no more than a 10% commission. Tina's Talent, Amy's Actors & Models and the Barton Agency are the only three talent agents in a small city. Due to the limited amount of work available for actors
and models in their city, the three talent agents have gotten together and agreed to never charge a commission below 15%. Discuss if this is acceptable under the Sherman Act.