If the insurer broadens coverage during the policy period without an increase in premium, and the broadened coverage is not part of a general program revision, the insured is entitled to the broadened coverage under which policy provision?

A) waiver of policy provisions
B) subrogation
C) liberalization clause
D) pair or set clause

Answer: C

Business

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If a firm's DOL is 4.0 when its profit is $2,000,000 and its depreciation is $500,000, how much fixed cost does it have?

A) $7,500,000 B) $6,000,000 C) $5,500,000 D) $5,000,000

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The seller, as part of a counterproposal, will sign the original contract.

a. true b. false

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