Chapter 3

Question 1

Which section of the policy contains the Insured’s duties in the event of a loss?

Answer 1

Select one:
a. Declaration
b. Insuring Agreements
c. Exclusions
d. Conditions
Feedback
The Insured's duties are in the Conditions. The Insurer's duties (pay the claim) are in the Insuring Agreement.

The correct answer is: Conditions

Question 2

The insured’s promise to maintain specified anti-theft devices is a?

Answer 2

Select one:
a. misrepresentation
b. concealment
c. warranty
d. representation
Feedback
Promises regarding the future condition of the premises, such as the promise to install a smoke, fire, burglar, or fire sprinkler system are considered to be warranties. Warranties are guaranteed to be absolutely true and may void the policy if breached.

The correct answer is: warranty

Question 3

TRIA applies to which of the following?

Answer 3

Select one:
a. Acts of terrorism
b. Acts of war
c. Both A and B
d. None of the above
Feedback
TRIA is the Terrorism Risk Insurance Act, which applies to terrorism, not war.

The correct answer is: Acts of terrorism

Question 4

Under the Federal Fair Credit Reporting Act, the Insured has NO right to:

Answer 4

Select one:
a. require that the insurer supply a copy of the report.
b. demand that an incorrect report be corrected.
c. insert a corrective statement in the report.
d. be told the name and address of the consumer reporting agency
Feedback
The correct answer is: require that the insurer supply a copy of the report.

Question 5

A sworn statement containing information regarding the claim is:

Answer 5

Select one:
a. assignment
b. proof of loss
Feedback
The correct answer is: proof of loss

Question 6

Which section of the policy contains the company’s promise of protection?

Answer 6

Select one:
a. Exclusions
b. Insuring Agreements
c. Conditions
d. Declaration
Feedback
The correct answer is: Insuring Agreements

Question 7

A binder is:

Answer 7

Select one:
a. a temporary substitute for a permanent policy
b. a type of permanent insurance
c. a claim settlement technique
d. a method of paying for insurance
Feedback
The correct answer is: a temporary substitute for a permanent policy

Question 8

Which section of the policy contains the covered perils?

Answer 8

Select one:
a. Conditions
b. Exclusions
c. Declaration
d. Insuring Agreements
Feedback
The correct answer is: Insuring Agreements

Question 9

Which section of the policy contains the policy limits?

Answer 9

Select one:
a. Conditions
b. Insuring Agreements
c. Declaration
d. Exclusions
Feedback
The correct answer is: Declaration

Question 10

Which section of the policy contains the Insured’s responsibilities?

Answer 10

Select one:
a. Exclusions
b. Insuring Agreements
c. Conditions
d. Declarations
Feedback
Generally speaking, the Conditions contain the Insured's responsibilities (obligations, duties) and the Insuring Agreement contains the Insurer's responsibilities.

The correct answer is: Conditions

Question 11

Which federal law encourages the states to adopt uniform licensing standards?

Answer 11

Select one:
a. TRIA (Terrorism Risk Insurance Act)
b. Graham-Leach-Bliley Act
c. Federal Fair Credit Reporting Act
d. Equal Credit Opportunity Act
Feedback
The correct answer is: Graham-Leach-Bliley Act

Question 12

Which section of the policy specifies the Insured’s responsibilities?

Answer 12

Select one:
a. Conditions
b. Insuring Agreements
c. Declaration
d. Exclusions
Feedback
The correct answer is: Conditions

Question 13

An application says no fire wood will be stored on the premises. If a later fire is caused by fire wood stored on the premises, the insurer may refuse coverage if the insured:

Answer 13

Select one:
a. misrepresented immaterial facts.
b. misrepresented material facts.
c. unintentionally made a misstatement.
d. concealed immaterial facts.
Feedback
The correct answer is: misrepresented material facts.

Question 14

Binders:

Answer 14

Select one:
a. guarantee a permanent policy will be issued.
b. may be oral.
Feedback
The correct answer is: may be oral.

Question 15

The insured intentionally did not inform the insurer that the insured owned only 35% of the property. This is an example of:

Answer 15

Select one:
a. misrepresentation
b. concealment
c. error
d. conditional coverage
Feedback
The correct answer is: concealment

Question 16

Which of the following is issued by the agent to notify the parties of the date coverage becomes effective?

Answer 16

Select one:
a. quotation
b. presumption of proposition
c. binder
d. condition
Feedback
The binder is issued by the agent, not by the company. The binder will also state the date the coverage becomes effective and thus give notice to both the Insured and the Insurer that coverage is in effect.

The correct answer is: binder

Question 17

Which insurance policy section contains the Insured’s duties in the event of a loss?

Answer 17

Select one:
a. Exclusions
b. Insuring Agreements
c. Conditions
d. Declaration
Feedback
The correct answer is: Conditions

Question 18

A warranty:

Answer 18

Select one:
a. Must be complied with strictly.
b. Is made by the insured rather than the insurer.
c. May be part of the contract.
d. All of the above.
Feedback
The correct answer is: All of the above.

Question 19

Concealment involves:

Answer 19

Select one:
a. unintentionally failing to disclose a material fact.
b. unintentionally failing to disclose an immaterial fact.
c. intentionally failing to disclose a material fact.
d. intentionally failing to disclose an immaterial fact.
Feedback
The correct answer is: intentionally failing to disclose a material fact.

Question 20

Concealment is:

Answer 20

Select one:
a. intentional nondisclosure of material facts
b. misstating material facts
Feedback
The correct answer is: intentional nondisclosure of material facts

Question 21

Which section of the policy contains the cancellation provisions?

Answer 21

Select one:
a. Exclusions
b. Insuring Agreements
c. Conditions
d. Declaration
Feedback
The correct answer is: Conditions

Question 22

Which document specifies the probable cause of a loss and estimates the loss?

Answer 22

Select one:
a. endorsement
b. proof of loss
Feedback
The correct answer is: proof of loss

Question 23

An applicant was denied insurance based on a consumer report. The applicant may:

Answer 23

Select one:
a. obtain a copy of the report through a request to the Insurer.
b. demand that the Insurer correct any error in the consumer report.
c. receive the name and address of the reporting agency from the Insurer.
d. examine the report after providing the Insurer with verification of identification.
Feedback

The correct answer is: receive the name and address of the reporting agency from the Insurer.

Question 24

A binder becomes effective when:

Answer 24

Select one:
a. the insured delivers the premium payment.
b. made by the agent.
Feedback
The correct answer is: made by the agent.

Question 25

Which section of the policy contains the precise description of covered perils?

Answer 25

Select one:
a. Conditions
b. Declaration
c. Exclusions
d. Insuring Agreements
Feedback
Although the dec sheet may have a "check the box" for basic or broad, the description (list) of covered perils will be found in the Insuring Agreement.

The correct answer is: Insuring Agreements

Question 26

Binders must show each of these EXCEPT:

Answer 26

Select one:
a. the date the binder becomes effective
b. list of covered items
c. name of insurer and insured
d. the amount of the premium
Feedback
The correct answer is: the amount of the premium

Question 27

An Insuring Agreement is:

Answer 27

Select one:
a. an exclusion
b. a promise to pay
Feedback
The correct answer is: a promise to pay

Question 28

In addition to requiring that Insurers protect clients’ privacy rights, the Gramm-Leach-Bliley Act:

Answer 28

Select one:
a. encourages the states to adopt uniform licensing requirements to make it easier for Producers to sell insurance across state lines.
b. prohibits the sale of property insurance in America.
Feedback
Sorry, new point that I hadn’t put in the textbook. But you will remember this, right?

The correct answer is: encourages the states to adopt uniform licensing requirements to make it easier for Producers to sell insurance across state lines.

Question 29

Which section of the policy states the reasons for which the Insurer will pay claims?

Answer 29

Select one:
a. Declaration
b. Insuring Agreements
c. Conditions
d. Exclusions
Feedback
Again, not a "nice" question. The "reasons for which the Insurer will pay claims" are the perils covered. The covered perils are listed in the Insuring Agreement (at least that is true for the Basic and Broad Form coverages). For a Special Form policy, we would look in the Exclusions section.

The correct answer is: Insuring Agreements

Question 30

Which section of the policy contains the identity of the Insured and Insurer?

Answer 30

Select one:
a. Declaration
b. Insuring Agreements
c. Exclusions
d. Conditions
Feedback
The correct answer is: Declaration

Question 31

Prior to issuing the policy, the agent may provide evidence of temporary insurance. This is a:

Answer 31

Select one:
a. binder
b. endorsement
Feedback
The correct answer is: binder

Question 32

To collect on a loss, the Insured must comply with the procedures set forth in the?

Answer 32

Select one:
a. Insuring Agreements
b. Exclusions
c. Conditions
d. Declaration
Feedback
The correct answer is: Conditions

Question 33

A promise by the insured that certain future conditions will exist is a?

Answer 33

Select one:
a. warranty
b. misrepresentation
c. concealment
d. representation
Feedback
The correct answer is: warranty

Question 34

Which section of the policy contains the perils NOT covered?

Answer 34

Select one:
a. Declaration
b. Conditions
c. Exclusions
d. Insuring Agreements
Feedback
The correct answer is: Exclusions

Question 35

Which section of the policy contains the premium?

Answer 35

Select one:
a. Insuring Agreements
b. Exclusions
c. Declaration
d. Conditions
Feedback
The correct answer is: Declaration

Question 36

Which section of the policy may require the Insured to use the claim payment to replace the destroyed property?

Answer 36

Select one:
a. Declaration
b. Conditions
c. Insuring Agreements
d. Exclusions
Feedback
The correct answer is: Conditions

Question 37

A binder is:

Answer 37

Select one:
a. confirmation of temporary insurance
b. a policy of insurance
Feedback
The correct answer is: confirmation of temporary insurance

Question 38

Which section of the policy contains coverages eliminated?

Answer 38

Select one:
a. Conditions
b. Declaration
c. Insuring Agreements
d. Exclusions
Feedback
The correct answer is: Exclusions

Question 39

Which section of the policy contains the Insurer’s obligation to repair, replace or pay?

Answer 39

Select one:
a. Exclusions
b. Declaration
c. Conditions
d. Insuring Agreements
Feedback
The Insuring Agreement contains the Insurer's obligation which is the promise to pay covered claims.

The correct answer is: Insuring Agreements

Question 40

A proof of loss form:

Answer 40

Select one:
a. settles disputes regarding whether losses are covered
b. which contains a false statement will automatically void coverage
c. assists the insurer in settling a loss covered by the policy
Feedback
The correct answer is: assists the insurer in settling a loss covered by the policy

Question 41

Which federal law requires the insurer to notify the Insured in advance of its intent to obtain an investigative consumer report?

Answer 41

Select one:
a. Fair Credit Reporting Act
b. Equal Credit Opportunity Act
c. Truth in Lending Act
d. Insurance Notice Act
Feedback
The correct answer is: Fair Credit Reporting Act

Question 42

A written statement of fact guaranteed to be true is a/an?

Answer 42

Select one:
a. concealment
b. misrepresentation
c. representation
d. warranty
Feedback
The correct answer is: warranty

Question 43

The conditions section of the policy contains:

Answer 43

Select one:
a. the insurer’s obligations if a loss occurs
b. the insured’s obligations if a loss occurs
Feedback
The correct answer is: the insured’s obligations if a loss occurs

Question 44

Evidence of temporary coverage is a:

Answer 44

Select one:
a. binder
b. peril
Feedback
The correct answer is: binder

Question 45

In situations involving misrepresentation, the insurer may:

Answer 45

Select one:
a. charge an extra premium.
b. cancel the policy.
Feedback
The correct answer is: cancel the policy.

Question 46

Insurable losses will be listed in what section of the policy?

Answer 46

Select one:
a. Declaration
b. Insuring Agreements
c. Exclusions
d. Conditions
Feedback
The correct answer is: Insuring Agreements

Question 47

The named Insured is identified in which section of the policy?

Answer 47

Select one:
a. Exclusions
b. Conditions
c. Declaration
d. Insuring Agreements
Feedback
The correct answer is: Declaration

Question 48

When must the applicant be told that an investigative report will be obtained?

Answer 48

Select one:
a. when the loss occurs.
b. when the premium is paid.
c. when the application is made.
d. prior to payment of the claim.
Feedback
The correct answer is: when the application is made.

Question 49

Even though he owns several boats, the applicant states that he owns no boats. This is an example of:

Answer 49

Select one:
a. misrepresentation
b. subrogation
c. a warranty
d. concealment
Feedback
The correct answer is: misrepresentation

Question 50

The Insurer decides to nonrenew Alice’s policy based on information contained in a consumer report. Is the Insurer required to tell Alice that the decision to nonrenew was based on information contained in the consumer report?

Answer 50

Select one:
a. Yes 
b. No
Feedback
The insurer must notify the consumer if there is a negative outcome based on information contained in a consumer report. A nonrenewal is a negative outcome.

The correct answer is: Yes

Question 51

The Proof of Loss must contain each of these EXCEPT:

Answer 51

Select one:
a. a sworn statement.
b. any replacement sales receipt if the item has been replaced.
c. the cause of the loss.
d. the original sales receipt.
Feedback
If the fire destroys the dining room set my grandmother purchased in 1962, I don’t need to have her original sales receipt.

The correct answer is: the original sales receipt.

Question 52

Which policy section should the Insured check to determine if a particular coverage is provided in a named peril policy?

Answer 52

Select one:
a. Declaration
b. Exclusions
c. Conditions
d. Insuring Agreements
Feedback
The correct answer is: Insuring Agreements

Question 53

The insured is entitled to:

Answer 53

Select one:
a. receive a copy of the investigative report from the insurer.
b. be told the name and address of the consumer reporting company.
Feedback
The correct answer is: be told the name and address of the consumer reporting company.

Question 54

Concealment involves intentionally hiding:

Answer 54

Select one:
a. a material fact.
b. an immaterial fact.
Feedback
The correct answer is: a material fact.

Question 55

Which section of a property policy requires the Insured to submit a sworn proof of loss form?

Answer 55

Select one:
a. Exclusions
b. Insuring Agreement
c. Declarations
d. Conditions
Feedback
The correct answer is: Conditions

Question 56

A statement in the proof of loss form is presumed to be a?

Answer 56

Select one:
a. concealment
b. misrepresentation
c. warranty
d. representation
Feedback
The correct answer is: representation

Question 57

The Insured’s sworn statement made to the Insurer regarding the time and cause of the loss is known as:

Answer 57

Select one:
a. certification
b. proof of loss
Feedback
The correct answer is: proof of loss

Question 58

The binder is actually issued by the:

Answer 58

Select one:
a. the agent
b. the Insurer
Feedback
The correct answer is: the agent

Question 59

Which section of the policy contains the Other Insurance provision?

Answer 59

Select one:
a. Conditions
b. Declaration
c. Insuring Agreements
d. Exclusions
Feedback
The Conditions section of the policy is the biggest section. It contains most of the legal trivia. So, if you aren't sure where to find something, there is a good chance that it is in the Conditions section. The "Other Insurance" provision is typical of the legal trivia in the Conditions section.

The correct answer is: Conditions

Question 60

Representations given by the insured to the insurer are located in the?

Answer 60

Select one:
a. Insuring agreements
b. Application
c. Declarations
d. Conditions
Feedback
The correct answer is: Application

Question 61

Which section of the policy limits the scope of coverage?

Answer 61

Select one:
a. Declaration
b. Conditions
c. Exclusions
d. Insuring Agreements
Feedback
The correct answer is: Exclusions

Question 62

The Fair Credit Reporting Act requires the insurer to:

Answer 62

Select one:
a. inform the applicant that an investigative report will be made.
b. refrain from using the investigative report as part of its decision making process.
Feedback
The correct answer is: inform the applicant that an investigative report will be made.

Question 63

Consideration is evidenced by:

Answer 63

Select one:
a. issuing a policy
b. filing a proof of loss form
c. paying a premium
d. endorsing a policy
Feedback
The correct answer is: paying a premium

Question 64

Al fill’s out an application for insurance on his home and gives it to the Insurance company. This is considered:

Answer 64

Select one:
a. an acceptance
b. an invitation
c. a legal purpose
d. an offer
Feedback
The offer originates when you fill out an application for coverage.

The correct answer is: an offer

Question 65

The insured’s promise to maintain a burglar alarm system is a?

Answer 65

Select one:
a. representation
b. misrepresentation
c. warranty
d. concealment
Feedback
The issue of warranties won't arise in Life, Health, or Casualty policies. This only comes up in Property policies. The Insured's promise to improve the future condition of the premises by installing a smoke alarm, burglar alarm, or fire sprinkler system is a warranty. Warranties are guaranteed to be absolutely true and, if breached, may result in termination of the policy.

The correct answer is: warranty

Question 66

An insurance policy may be voided if a warranty has been:

Answer 66

Select one:
a. breached.
b. notarized.
c. explained.
d. made.
Feedback
The correct answer is: breached.

Question 67

Which section of the policy contains the insured’s time limits for bringing suit against the Insurer?

Answer 67

Select one:
a. Insuring Agreements
b. Declaration
c. Exclusions
d. Conditions
Feedback
The correct answer is: Conditions

Question 68

The Terrorism Risk Insurance Act (TRIA) was adopted following:

Answer 68

Select one:
a. Hurrican Katrina
b. The World Trade Center destruction on 9/11/01
Feedback
The correct answer is: The World Trade Center destruction on 9/11/01

Question 69

The purpose of the Fair Credit Reporting Act is to?

Answer 69

Select one:
a. provide fair and accurate consumer credit reporting.
b. make credit available to all persons regardless of credit history.
Feedback
The correct answer is: provide fair and accurate consumer credit reporting.

Question 70

Which section of the policy specifies which stores owned by an Insured are covered?

Answer 70

Select one:
a. Declaration
b. Insuring Agreements
c. Conditions
d. Exclusions
Feedback
The dec sheet is the "fill-in-the-blanks" section. That section describes which property is covered.

The correct answer is: Declaration

Question 71

Which section of the policy contains the location of the risk (the insured property)?

Answer 71

Select one:
a. Insuring Agreements
b. Conditions
c. Exclusions
d. Declaration
Feedback
The Dec page lists the property covered by describing the location of the risk insured.

The correct answer is: Declaration

Question 72

An applicant intentionally withholds material facts in an application. This is a?

Answer 72

Select one:
a. representation
b. warranty
c. concealment
d. misrepresentation
Feedback
The correct answer is: concealment

Question 73

Before the policy is issued, the insurance agent may provide a written document to prove that insurance is already in effect. This is:

Answer 73

Select one:
a. a binder
b. an endorsement
Feedback
The correct answer is: a binder

Question 74

The applicant believes the statement to be true with a/an?

Answer 74

Select one:
a. representation
b. warranty
c. misrepresentation
d. concealment
Feedback
The correct answer is: representation

Question 75

Which section of the policy contains the Insured’s right to bring legal action against the Insurer?

Answer 75

Select one:
a. Exclusions
b. Declaration
c. Insuring Agreements
d. Conditions
Feedback
The correct answer is: Conditions

Question 76

Which section of the policy requires the Insurer to provide coverage?

Answer 76

Select one:
a. Exclusions
b. Conditions
c. Declarations
d. Insuring Agreements
Feedback
This is the Insurer's promise to pay the claim, which is part of the Insuring Agreements.

The correct answer is: Insuring Agreements

Question 77

Failure to file a Proof of Loss may result in:

Answer 77

Select one:
a. policy cancellation
b. denial of the claim
Feedback
The correct answer is: denial of the claim

Question 78

Which section of the policy contains the Insurer’s promise to pay?

Answer 78

Select one:
a. Insuring Agreements
b. Exclusions
c. Declaration
d. Conditions
Feedback
The correct answer is: Insuring Agreements

Question 79

The best source of moral character information is the:

Answer 79

Select one:
a. application
b. investigative report
Feedback
The correct answer is: investigative report

Question 80

A binder:

Answer 80

Select one:
a. must be in writing.
b. requires prior payment of a premium.
c. provides temporary coverage.
d. requires issuance of a permanent policy.
Feedback
The correct answer is: provides temporary coverage.

Question 81

A policy provision that may void the policy if the provision is violated is a:

Answer 81

Select one:
a. warranty
b. binder
Feedback
The correct answer is: warranty

Question 82

Which section of the policy determines the coverage?

Answer 82

Select one:
a. Exclusions
b. Declaration
c. Conditions
d. Insuring Agreements
Feedback
The correct answer is: Insuring Agreements

Question 83

Which of the following is considered to be part of the policy?

Answer 83

Select one:
a. premium
b. insured
c. application
d. proof of loss form
Feedback
The correct answer is: application

Question 84

To determine the applicant’s financial standing, an Insurer may use a:

Answer 84

Select one:
a. credit report.
b. proof of loss form.
Feedback
The correct answer is: credit report.

Question 85

The Proof of Loss includes each of the following except:

Answer 85

Select one:
a. the names of all persons with an insurable interest.
b. the policy’s limit of liability.
c. a sworn statement regarding other insurance.
d. lienholder identification.
Feedback
The correct answer is: the policy’s limit of liability.

Question 86

The Insured’s promise to maintain a fire sprinkler system is a?

Answer 86

Select one:
a. representation
b. misrepresentation
c. warranty
d. concealment
Feedback
The correct answer is: warranty

Question 87

Alice and her insurance agent fill out an application for an insurance policy for her new car. The agent then forwards the completed application to the Insurance company. Which of the following statements is CORRECT?

Answer 87

Select one:
a. The agent will need to issue a binder to provide Alice with temporary coverage
b. Forwarding the completed application to the Insurance company automatically provides Alice with coverage, so there is no need to issue a binder.
Feedback
Forwarding the application does not provide temporary coverage. However, it is common for a Property or Casualty agent to issue a binder after the application is completed in order to provide temporary coverage.

The correct answer is: The agent will need to issue a binder to provide Alice with temporary coverage

Question 88

The primary source of insurability information is the:

Answer 88

Select one:
a. federal government
b. state government
c. insurer’s physical inspection of the property to be insured
d. application 
Feedback
The correct answer is: application

Question 89

Which section of the policy describes the coverage?

Answer 89

Select one:
a. Exclusions
b. Declaration
c. Conditions
d. Insuring agreements
Feedback
The correct answer is: Insuring agreements

Question 90

The creation of a contract requires each of these EXCEPT:

Answer 90

Select one:
a. legal purpose
b. competent parties
c. consideration
d. notarization
Feedback
The correct answer is: notarization

Question 91

Which section of the policy obligates the Insurer to indemnify the Insured?

Answer 91

Select one:
a. Conditions
b. Insuring Agreements
c. Declaration
d. Exclusions
Feedback
The Insuring Agreement contains the Insurer's promise to pay, which in turn, indemnifies (makes whole) the Insured.

The correct answer is: Insuring Agreements

Question 92

The Proof of Loss form:

Answer 92

Select one:
a. assists in determining the amount of the loss covered by the policy.
b. settles disputes about the covered losses.
Feedback
The correct answer is: assists in determining the amount of the loss covered by the policy.

Question 93

Which section of the policy contains the provisions permitting the Insurer to inspect the Insured’s premises?

Answer 93

Select one:
a. Insuring Agreements
b. Declaration
c. Conditions
d. Exclusions
Feedback
The correct answer is: Conditions

Question 94

Which section of the policy contains the Insured’s obligation to give notice of a loss?

Answer 94

Select one:
a. Exclusions
b. Insuring Agreements
c. Declaration
d. Conditions
Feedback
The correct answer is: Conditions

Question 95

The rules of conduct between the Insurer and Insured are set forth in which section of the policy?

Answer 95

Select one:
a. Declarations
b. Exclusions
c. Conditions
d. Insuring Agreement
Feedback
The correct answer is: Conditions

Question 96

Willful failure to disclose material information is a/an?

Answer 96

Select one:
a. representation
b. warranty
c. concealment
d. misrepresentation
Feedback
Intentional failure to disclose is concealment. An intentional lie is misrepresentation. Subtle difference that really doesn't matter because both fall under the heading of fraud and permit an Insurer to void a policy.

The correct answer is: concealment

Question 97

The Fair Credit Reporting Act:

Answer 97

Select one:
a. requires insurers to provide applicants with copies of all investigative reports.
b. prohibits insurers from obtaining credit reports without consent of the consumer.
c. allows an insurer to obtain consumer investigative reports without notifying the consumers.
d. allows consumers to insert corrective statements in their consumer reports.
Feedback
The correct answer is: allows consumers to insert corrective statements in their consumer reports.

Question 98

Contracts require each of the following EXCEPT:

Answer 98

Select one:
a. legal purpose
b. consideration
c. competent parties
d. notarization
Feedback
The correct answer is: notarization

Question 99

Exclusions are designed to do each of the following EXCEPT:

Answer 99

Select one:
a. eliminate catastrophic perils
b. indemnify the Insured
c. reduce moral hazards
d. reduce physical hazards
Feedback
The correct answer is: indemnify the Insured

Question 100

Insurance covers:

Answer 100

Select one:
a. physical hazards
b. morale hazards
c. moral hazards
d. All of the above
Feedback
The correct answer is: All of the above