The personal feature of property insurance contracts means that:
A) subrogation always applies
B) ambiguities in the wording will always be construed against the insurer
C) insurance contracts cannot be freely transferred to other parties
D) the buyer of insurance must have insurable interest in property before the policy is issued
C
You might also like to view...
Wages Payable was $350 at the end of October and $280 at the end of November. Wages Expense for November was $2,000. How much cash was paid for wages during November?
A) $1,930 B) $2,630 C) $2,070 D) $1,370
The use of transfer pricing encourages accountability for seller-customer relationships
Indicate whether the statement is true or false
Michaela would like to arrange her new office in such a way that everything she will need is placed around her so that she can get to them easily. Michaela should consider a ______ layout for her office.
a. process b. product c. cellular d. fixed-position
The beta of a portfolio is a function of the standard deviations of the individual securities in the portfolio, the proportion of the portfolio invested in those securities, and the correlation between the returns of those securities
Indicate whether the statement is true or false