This topic contains a solution. Click here to go to the answer

Author Question: Which of the following statements about the principle of insurable interest is (are) true? I. It ... (Read 73 times)

SAVANNAHHOOPER23

  • Hero Member
  • *****
  • Posts: 542
Which of the following statements about the principle of insurable interest is (are) true? I. It makes it difficult to measure the amount of an insured's loss. II. It reduces moral hazard.
 
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II

Question 2

All of the following will support an insurable interest for purposes of purchasing property and liability insurance EXCEPT
 
  A) former ownership of property.
  B) potential legal liability.
  C) secured creditors.
  D) contractual right.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

akpaschal

  • Sr. Member
  • ****
  • Posts: 342
Answer to Question 1

Answer: B

Answer to Question 2

Answer: A





 

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

For a complete list of videos, visit our video library