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 79 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?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

The Pleiades, an open cluster of stars in the constellation of Taurus. The Pleiades, an open cluster of stars in the constellation of Taurus.
The oral cavity. Anterior view of the open mouth. The oral cavity. Anterior view of the open mouth.
Types of Health Insurance Service Coverage Types of Health Insurance Service Coverage
Which is TRUE about the alternation of generations cycle that is diagramed above? Which is TRUE about the alternation of generations cycle that is diagramed above?
Some plastic intake manifolds are equipped with a pressure relief valve that would open in the ... Some plastic intake manifolds are equipped with a pressure relief valve that would open in the ...
Open-Faced Sandwiches Open-Faced Sandwiches
Video: Labor and Childbirth - The Three Stages of Labor: Dilation, Expulsion & Placental مراحل الولادة

For a complete list of videos, visit our video library