« previous next »

Author Question: The 2005 PAP states that the insurer has no duty to provide coverage if the insured fails to comply ... (Read 42 times)

lak

  • Hero Member
  • *****
  • Posts: 546
on: Jul 11, 2018
The 2005 PAP states that the insurer has no duty to provide coverage if the insured fails to comply with certain listed duties. In practice, however, the insurer is only relieved of its duty to provide coverage if
 
  A) the insured was unaware of the listed duties.
  B) failure to comply with the duties is prejudicial to the insurer.
  C) the claim involves bodily injuries of more than 50,000.
  D) the claim occurred in another state.

Question 2

A car damaged in an auto accident may have reduced market or resale value after it is repaired. Some insureds have sought to recover this reduction in market or resale value. This loss in value is called
 
  A) gap coverage.
  B) betterment.
  C) diminution.
  D) subrogation.


Ksanderson1296

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: B

Answer to Question 2

Answer: C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Median Age at First Marriage in the United States Median Age at First Marriage in the United States
This painting depicts New Orleans in 1803, when the city was acquired—along with much of the modern This painting depicts New Orleans in 1803, when the city was acquired—along with much of the modern
In 2008, Barack Obama was elected president of the United States, the first minority to achieve this ... In 2008, Barack Obama was elected president of the United States, the first minority to achieve this ...
Guide to Major Massage Therapy Organizations in the United States* Guide to Major Massage Therapy Organizations in the United States*
Examples of low and high Entropy states Examples of low and high Entropy states
Prevalence of Food Insecurity in the United States Prevalence of Food Insecurity in the United States
Video: Conduction of action potentials

For a complete list of videos, visit our video library