What are some examples of how an insured must cooperate with the insurer in handling a claim? What is the possible consequence to the insured of its failure to cooperate?
What will be an ideal response?
Firs and foremost, the insured has a duty to notify the insurer of a claim or
even potential claim that might be covered by the insurance policy, so that
the insurer may investigate and gather evidence. The insured must give
honest statements. He must also make reasonable efforts to identify and
locate witnesses and supply the insurer with material that may be
important in defending the claim. The insured must also comply with any
notice to attend hearings that have to do with the claim. If the insured fails
to cooperate, and the insurer proves this caused it prejudice, the court may
decide the insurer has no duty to provide coverage.
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Fill in the blank(s) with the appropriate word(s).
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Answer the following statement true (T) or false (F)
A statistical tolerancing symbol is a symbolic means of indicating that the stated tolerance is based on statistical tolerancing control.
Answer the following statement true (T) or false (F)