Persons insured under Section I of the Homeowners 3 policy include which of the following?
I. A spouse of the named insured if living in the same household
II. The named insured's children who are under age 24 and who are full-time college students
A) I only
B) II only
C) both I and II
D) neither I nor II
Question 2
Which of the following statements about the Homeowners 8 policy is (are) true?
I. Losses to the dwelling are settled on a replacement cost basis if the dwelling is insured for its full market value.
II. It is designed primarily for expensive, newer, dwellings.
A) I only
B) II only
C) both I and II
D) neither I nor II
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