Which of the following statements is (are) true with respect to the treatment of legal defense costs under the ISO Commercial General Liability policy?
I. Legal defense costs usually are counted against the policy limit.
II. Once the insurer has paid out the applicable limit of liability, the insurer's duty to defend ends.
A) I only
B) II only
C) both I and II
D) neither I nor II
c
Answer: B
You might also like to view...
The supply schedule of pesos has a negative-sloping region corresponding to the inelastic region on the Mexican demand schedule for foreign currency.
a. True b. False
What is the default format with regard to financial projections for startups seeking angel and/or venture capital?
a. Show only top-line revenue b. Show monthly projections for the first two years and annually for outlying years c. Show annual projections up to ten years d. Show annual projections up to five years
____________________ insurance is purchased for a certain number of years, such as ten
Fill in the blank(s) with correct word
The two types of measures often used to describe data are quantitative and qualitative measures.
Answer the following statement true (T) or false (F)