d The cout holds the authonity to decide wether the policy stands or is cancelle
ID: 358897 • Letter: D
Question
d The cout holds the authonity to decide wether the policy stands or is cancelled e. The conpany is estopped fivem deeying the existence of an agency relationship be bound by the policy 18. Identify the principle thai does not allow gains froes insurance contracts h Principle of subeogation c. Redlining principle d. Principle of indemnity 32 Expemses incurred in defending a liaility suit covered under Section II of the Homewners policy a, are payahle, logether jodgment (os part of thejudlgement), up to the p with any limit b are peyable, in addition to the poliscy limit of liability e are not pmyable under the pelicy e none of the aheve 40 Uamost Good Faith in insurance means a not lying on the application for insurance h not e all the above 4t. A claim for the death benefit under this receipe will be paid if death occurs while on application for life insurance is being processed even if the deceased is found not to be a Conditional receip d Facutative receipt e Waiver receiptExplanation / Answer
38-d. This principle of insurance debar making any profit and gain from loss in damage.
39-a. It has to be paid by the insurance company under section II
40-e.all of the above describe utmost good faith clause where the insurer must have utmost good faith towards the company offering the insurance.It is also called as Uberrimae Fidei.
41-waiver receipt.It is mandatory for the insurance company to disburse the claim.
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.