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 44 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
Thanks for the timely response, appreciate it

cici

  • Member
  • Posts: 325
Reply 3 on: Yesterday
Excellent

« 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?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

The seed-to-seed life of flowering plants. The seed-to-seed life of flowering plants.
How to solve all of life's problems How to solve all of life's problems
five realms of family life five realms of family life
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?
How to calculate simple interest (Part 2) How to calculate simple interest (Part 2)
Life cycle of bacteriophage T4 Life cycle of bacteriophage T4
Video: Brief Summary on Photosynthesis - Animation

For a complete list of videos, visit our video library