This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following statements about an insurable interest in life insurance is (are) true? I. It ... (Read 75 times)

roselinechinyere27m

  • Hero Member
  • *****
  • Posts: 557
on: Jul 11, 2018
Which of the following statements about an insurable interest in life insurance is (are) true? I. It is required of any person named as beneficiary. II. It may result from a pecuniary (financial) interest.
 
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II

Question 2

A total loss under a valued policy is settled on the basis of the
 
  A) market value of the loss.
  B) actual cash value of the loss.
  C) replacement value of the loss.
  D) amount of insurance covering the loss.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jjorrostieta

  • Sr. Member
  • ****
  • Posts: 298
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: B

Answer to Question 2

Answer: D


roselinechinyere27m

  • Member
  • Posts: 557
Reply 2 on: Jul 11, 2018
Excellent

Kedrick2014

  • Member
  • Posts: 359
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Alternation of generations, the plant life cycle Alternation of generations, the plant life cycle
Landmarks in the evolution of life on Earth Landmarks in the evolution of life on Earth
In 1891 William Dean Howells championed the poetry of Emily Dickinson: “This poetry is as characteri In 1891 William Dean Howells championed the poetry of Emily Dickinson: “This poetry is as characteri
Macromolecules and the building blocks of life Macromolecules and the building blocks of life
You deposit $2000 each year into an account earning 4% interest compounded annually. How much ... You deposit $2000 each year into an account earning 4% interest compounded annually. How much ...
Life cycle of a fern Life cycle of a fern
Video: Definitions of stroke volume, preload definition & Factors influencing stroke volume

For a complete list of videos, visit our video library