Author Question: All of the following statements about the cancellation of a Homeowners 3 policy are true EXCEPT ... (Read 70 times)

cabate

  • Hero Member
  • *****
  • Posts: 537
All of the following statements about the cancellation of a Homeowners 3 policy are true EXCEPT
 
  A) The insurer may cancel a new policy for any reason if it has been in force for less than 60 days and is not a renewal policy.
  B) At least 100 days' notice of cancellation must be given if an insurer cancels a policy for nonpayment of premium.
  C) A policy written for longer than 1 year can be cancelled for any reason on the anniversary date by giving the insured at least 30 days' notice of cancellation.
  D) After a policy has been in force for at least 60 days, it can be cancelled by the insurer if the risk has increased substantially since the policy was issued.

Question 2

The investment banking business is dominated by a few very large, stand-alone investment
  banking firms.
 
  Indicate whether the statement is true or false


ankilker

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

Answer: B

Answer to Question 2

FALSE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

For a complete list of videos, visit our video library