Which of the following is true about insurable interest regarding property insurance?
A) The insurable interest in the property must exist at the time there is a loss.
B) The insurable interest in the property must exist at the time of the policy issuance.
C) A party has an insurable interest in any item for which the party can establish a value.
D) Only one party can have an insurable interest in the same item at the same time.
E) Both A and C
A
You might also like to view...
In assessing how much situational control he has, a manager should consider which of the following?
A. Amount of socialized power B. Subordinate readiness C. Level of transformation D. Amount of task structure E. Ability of staff
Presenting others' ideas as your own is known as ________
A) summarizing B) paraphrasing C) plagiarism D) quoting E) citing
All employees are primarily motivated by financial rewards.
Answer the following statement true (T) or false (F)
Investing activities are the acquiring and disposing of resources that an organization uses to acquire and sell its products or services.
Answer the following statement true (T) or false (F)