Anna obtains a business liability insurance policy for her Brew & Bagels Coffee Shop from ChoiceFirst Insurance Company. When an event occurs that gives rise to a claim, each party has a duty to
a. cooperate in an investigation to determine the facts.
b. file a suit against the other so that a court can settle the claim.
c. find a third party on whom to impose liability.
d. pay any outstanding premium or refund any unearned amount.
A
You might also like to view...
Stockmaster Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (8,000 units)$320,000Variable expenses 192,000Contribution margin 128,000Fixed expenses 121,600Net operating income$6,400The margin of safety in dollars is closest to:
A. $128,000 B. $121,600 C. $6,400 D. $16,000
The information in a summary should be proportional to the original document
Indicate whether the statement is true or false
TynsCorp has a pension plan in which the contributions are made jointly by TynsCorp and the employees. This is a
A. contributory plan. B. noncontributory plan. C. defined-benefit plan. D. defined-contribution plan.
The source of buying information trusted by the greatest percentage of consumers is
A. brand websites. B. paid magazine ads. C. paid television ads. D. personal recommendations. E. online consumer opinions.