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 60 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
Gracias!

kilada

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

The Many Faces of Life The Many Faces of Life
Life Table Life Table
Crying Frequency in the Early Months In their first months of life, infants often cry for no appare Crying Frequency in the Early Months In their first months of life, infants often cry for no appare
Life of a Midlatitude Cyclone Life of a Midlatitude Cyclone
Anterosuperior view of true pelvis (blue) Anterosuperior view of true pelvis (blue)
First Day of My Life First Day of My Life
Video: Forming urine ( influencing factors), Forming dilute urine & Forming concentrated urine

For a complete list of videos, visit our video library