What is an incontestability clause? What is an arbitration clause? What is a multiple insurance policies clause?
What will be an ideal response?
An incontestability clause provides that after a policy has been in force for a specified length of time, usually two or three years, the insurer cannot contest statements made in the application.An arbitration clause calls for the arbitration of disputes that may arise between the insurer and the insured concerning the settlement of claims.A multiple-insurance-policies clause provides that if the insured has multiple insurance policies that cover the same property and the amount of coverage exceeds the loss, the loss will be shared proportionately by the insurance companies.
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Something of value that is exchanged between parties is called __________; it can be an act, a forbearance, a promise to perform an act, or a promise to refrain from performing an act.
Fill in the blank(s) with the appropriate word(s).
Which type of test is meant to see if in fact something has been learned that was supposed to be, such as at the end of training?
A. Aptitude test B. Power test C. Nonobjective test D. Achievement test
Chose in action is a form of:
a. Real property b. Personal property c. Tangible property d. Intangible property
A technology used to create a full-text, searchable version of an image document is:
a. De-duping. b. Filtering. c. Coding. d. Optical Character Recognition (OCR)