Question 1
Environmental legislation is
not concerned with which of the following?
◦ consumer protection
◦ contamination of the waterways
◦ depletion of natural resources
◦ pollution of the environment
◦ disposal of dangerous products and chemicals
Question 2
Which of the following is true in relation to
insurable interest?
◦ Shareholders do not have a sufficient interest in the assets of a corporation to take out insurance on them and receive compensation if they are damaged or destroyed.
◦ If Mr. Cole takes out the proper insurance on his home and it burns down, he will be able to collect from the insurance company.
◦ If Chuck takes out insurance on his ex-wife's home and it burns down, he will be able to collect from the insurance company.
◦ If Joe has an insurable interest in property, he will likely enjoy an insurance windfall in the event of a loss of that property.
◦ If Sam arranges a comprehensive, all-risk insurance policy, this will guarantee that he holds an insurable interest in the insured property.
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