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 30 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
Wow, this really help

kishoreddi

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

The three domains of life The three domains of life
season of life season of life
A sidewheeler on the Mississippi. In 1856 Samuel Clemens became an apprentice to a steamboat pilot a A sidewheeler on the Mississippi. In 1856 Samuel Clemens became an apprentice to a steamboat pilot a
Simplified view of retrovirus life cycle Simplified view of retrovirus life cycle
Macromolecules and the building blocks of life Macromolecules and the building blocks of life
The impact of industry and manufacturing on our life The impact of industry and manufacturing on our life
Video: Atrophy

For a complete list of videos, visit our video library