Kelsey obtains a business liability insurance policy from Loyal Insurance Company for Kelsey's Modeling & Hobby Crafts store. When an event occurs that gives rise to a claim, the insurance company has a duty to
A) investigate to determine the facts

B) file a suit against Kelsey so that a court can settle the claim.
C) find a third party on whom to impose liability.
D) refund any unearned amount of the premium.


A

Business

You might also like to view...

Which of the following is defined as “the pattern of basic assumptions, that a given group has invented, discovered, or developed in learning to cope with its problems of external adaptation and internal integration, and that have well enough to be considered valid, and therefore, to be taught to new members as the correct way to perceive, think, and feel in relation to those problems”?

A. organizational climate B. organizational manifesto C. national culture D. organizational culture

Business

A firm obtains the funds needed to pay its current bills primarily from its:

A. current liabilities. B. long-term assets. C. long-term liabilities. D. equity. E. liquid assets.

Business

No federal law forbids age discrimination against people younger than 40.

Answer the following statement true (T) or false (F)

Business

In the context of sequencing,__________is the difference between the completion time and the due date of a job

A) flow time B) makespan C) lateness D) tardiness

Business