Which of the following statements describes a Difference in Conditions (DIC) Policy?

A) It is a type of commercial umbrella liability policy.
B) It is an open perils policy that covers perils not insured by basic property insurance contracts.
C) It is designed to cover indirect losses for which the insured has direct damage coverage.
D) It is used to settle disputes when an insured has more than one insurance policy with differing policy provisions.


Answer: B

Business

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Marketing has sole ownership of customer interaction

Indicate whether the statement is true or false

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The degree of operating leverage varies with the level of

A) fixed assets. B) total debt. C) accumulated depreciation. D) total equity. E) monopoly power.

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Until now, Delaware East, Inc has been an all-equity firm; its most recent market equity value was $100 mn., and its cost of equity (and cost of assets) is 15%. Now, the firm decides to increase its leverage by issuing $40 mn

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Business