Kelsey obtains a business liability insurance policy from Loyal Insurance Company for Kelsey's Modeling & Hobby Crafts store. When an event occurs that gives rise to a claim, the insurance company has a duty to
A) investigate to determine the facts
B) file a suit against Kelsey so that a court can settle the claim.
C) find a third party on whom to impose liability.
D) refund any unearned amount of the premium.
A
Business
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Insurance companies may limit the amount of coverage they are willing to write on exposures.
a. true b. false
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A strategic alliance between Ford and Mazda experienced problems when Mazda refused to allow Ford officials to visit the Mazda research laboratory. What was the source of this problem?
A) incompatible cultures B) limited information access C) unfair distribution of earnings D) loss of autonomy for both partners
Business