A total loss under a valued policy is settled on the basis of the
A) market value of the loss.
B) actual cash value of the loss.
C) replacement value of the loss.
D) amount of insurance covering the loss.
Answer: D
Business
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A Grandfather Clause permits:
a. a nonconforming use to exist. b. the use of eminent domain. c. a property to be refinanced. d. None of the above.
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An administered VMS coordinates successive stages of production and distribution through ________
A) an automated central control unit B) single ownership C) the combined efforts of all its members D) the establishment of contractual obligations E) the size and power of one of the members
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