Explain Section I: Property Coverage for HO-2 and HO-3 policies
What will be an ideal response?
Answer: Section I covers four major areas important to all homeowners:
-Coverage A: Dwelling protects the house and any attachments to it.
-Coverage B: Other structures protects other structures on the premises that are not attached to the house for 10% of the insurance on the house itself.
-Coverage C: Personal property insures any personal property that is owned or used by the policyholder, regardless of the location of this property.
-Coverage D: Loss of use provides benefits, such as temporarily living elsewhere, if your home cannot be used due to an insured loss.
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What form must be filed with the Securities and Exchange Commission (SEC) by nonreporting and unseasoned issuers?
A. Form S-1. B. Form 10-K. C. Form 8-K. D. Form S-3.
Which of the following is the best definition for marketing?
A) Marketing is an organizational function and a set of business activities designed to make profits. B) Marketing is an organizational function and a set of processes for creating, communicating, and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders. C) Marketing is a business function and a process for determining the value customers desire in order to gain profit for business organizations and to seek societal benefits through nonprofit marketing. D) Marketing is finding a hole and filling it while earning profitable dollars. E) Marketing is the result of the equilibrium of supply, demand, marginal cost, and marginal revenue.