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BrookeEnlightened

Asked: August 7, 2021In: Business & Finance

Which of the following are advantages of allowing qualified producers to handle certain types of claims?

I. Lower loss adjustment expenses. II. Larger payments to claimants. III. Quicker service to policyholders. (A) I only. (B) I and II only. (C) I and III only. (D) II and III only. (E) I, II, and III.

BrookeEnlightened

Asked: August 7, 2021In: Business & Finance

Which of the following statements regarding the “severability of insurance” condition in the HO-3 Special Form insurance policy is true?

I. The condition applies insurance separately to each insured. II. The condition does not increase the insurer’s limit of liability for any one occurrence. III. The condition allows the policy to cover a claim brought by one insured against another ...