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

Author Question: Which of the following statements about open-perils coverage is (are) true? I. All losses are ... (Read 71 times)

krzymel

  • Hero Member
  • *****
  • Posts: 548
on: Jul 11, 2018
Which of the following statements about open-perils coverage is (are) true? I. All losses are covered except those losses specifically excluded. II. The burden of proof is on the insured to prove that a loss is covered.
 
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II

Question 2

Charles Blake told Wendy that he was an agent for Easy Pay Life Insurance Company. He presented no credentials.
 
  He asked Wendy some questions about her health and activities, and recorded the answers on scrap paper. He collected a 250 cash premium from Wendy. When Wendy did not receive a policy from Easy Pay, she contacted the company. Easy Pay said they do not have an agent named Charles Blake. Easy Pay is not responsible for Wendy's loss of 250 because
  A) the principal is never responsible for the acts of its agents.
  B) there is no presumption of an agency relationship.
  C) limitations can be placed on the powers of agents.
  D) knowledge of the agent is assumed to be knowledge of the principal.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Yixagurpuldink

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: A

Answer to Question 2

Answer: B


krzymel

  • Hero Member
  • *****
  • Posts: 548
Reply #2 on: Jul 11, 2018
Correct answers!


Yixagurpuldink

  • Sr. Member
  • ****
  • Posts: 341
Reply #3 on: Jul 11, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

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?

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?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Manta ray in the open ocean Manta ray in the open ocean
Gallery of Xylosandrus crassiusculus split open, with pupae and black fungus Gallery of Xylosandrus crassiusculus split open, with pupae and black fungus
In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai
An open fracture. An open fracture.
Relaxed Posture and a Friendly Smile Communicate an Open and Welcoming Attitude Toward Clients. Relaxed Posture and a Friendly Smile Communicate an Open and Welcoming Attitude Toward Clients.
Crystal structures of SecY complex in “closed” and “open” conformations Crystal structures of SecY complex in “closed” and “open” conformations
Video: Causes of Acne

For a complete list of videos, visit our video library