Ann Parks and Robert Evans jointly own a grocery store. Ann and Robert are both named insureds on the property insurance covering the store, but Ann is the first named insured
Which of the following statements is true with regard to Ann's status as the first named insured?
A) Any loss settlement is paid to Ann only.
B) Ann is responsible for making sure that the premium has been paid.
C) Ann can assign the policy without the consent of the insurer.
D) Ann can waive policy conditions.
Answer: B
You might also like to view...
The story of USAA Insurance company's refund of premiums for military personnel in the Gulf War illustrates that:
A) profits are not important to some successful companies. B) illustrated USAA's cultural value of treating customers the way you'd want to be treated. C) insurance companies are almost all open and generous. D) USAA makes significant profits through ridged cost controls.
______________________________ convey authority for the manufacture of a specified product or subassembly in specified quantity and describe the material, labor, and machine requirements for the job
Fill in the blank(s) with correct word
Which of the following characteristics of psychological capital is a positive outcome outlook or attribution of events, which includes positive emotions and motivation?
A. hope B. resiliency C. optimism D. efficacy
When the sales price per unit decrease, the breakeven point ____
A) decrease B) increase C) remain unchanged D) change based on the sale price per unit