Under a cash value policy, the loss of a $600 item with an estimated life of five years that was purchased three years ago and has a replacement cost of $900 would result in a payment from the insurance company of
A) $600.
B) $900.
C) $240.
D) $360.
Answer: C
You might also like to view...
The operations of a company outside its home or domestic market are known as foreign business.
Answer the following statement true (T) or false (F)
Technical difficulties researchers in international markets may encounter include
A. a lack of access to high-speed Internet for data transmission. B. undependable electrical power. C. outdated or no maps and a lack of street names. D. unusual work schedules and work values.
Criminal cases involving environmental laws are tried by ________
A) the Environmental Protection Agency B) the U.S. Justice Department C) the House Congressional Subcommittee on Air, Water and Land Pollution D) state administrative agencies charged with the responsibility of pollution control
Which of the following is false concerning Environmental Impairment Liability (EIL) coverage?
A) It is expensive and difficult to place. B) Most small firms do not need it since they are immune from liability. C) The content of the insurance contract is subject to negotiation between insureds and insurers. D) Federal laws impose legal responsibility on polluters.