Which of the following statements about the principle of insurable interest is (are) true? I. It makes it difficult to measure the amount of an insured's loss. II. It reduces moral hazard

A) I only
B) II only
C) both I and II
D) neither I nor II

Answer: B

Business

You might also like to view...

All of the following are examples of functional obsolescence, except:

a. an over improvement. b. a one car garage. c. a swimming pool in cold climate. d. deferred maintenance.

Business

To create a 1:1 relationship between two tables in Microsoft Access:

A) the Indexed property of the foreign key column must be set to No. B) the Indexed property of the foreign key column must be set to Yes (Duplicates OK). C) the Indexed property of the foreign key column must be set to Yes (No Duplicates). D) the Data Type of the foreign key column must be set to AutoNumber. E) the Smart Tag property of the foreign key column must be set to Foreign Key.

Business