Floods, heart attacks, theft, and choking are all examples of
A) exposures
B) perils
C) risks
D) hazards"
Ans: B) perils
Business
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What type of title insurance covers all risks?
a. California Land Title Association (CLTA) standard-coverage policy of title insurance b. American Land Title Association (ALTA) extended-coverage policy of title insurance c. Abstract of title d. No title insurance covers all risks
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An employing broker is listed on the bank records for a trust account of any brokerage entity and is personally responsible for the funds.
a. true b. false
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