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Which one (1) of the following is NOT the subject of a Statutory Condition in a Property policy? 4 Policy termination provisions. Misrepresentation. Method of settling disputes in valuation of losses. Co-insurance provisions.

Which one (1) of the following is NOT the subject of a Statutory Condition in a Property policy? 4 Policy termination provisions. Misrepresentation. Method of settling disputes in valuation of losses. Co-insurance provisions.

Economics Today and Tomorrow, Student Edition
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter5: Buying The Necessities
Section5.4: Buying And Operating A Vehicle
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"Fine Arts Coverage" attached to a Homeowners policy is an "All Risks" form used to insure certain valuable items. Which one (1) of the following statements is NOT true about the coverage? Up to 15% of the total amount of Fine Ar coverage can apply at any unnamed location in North America. Additional fine arts acquired by the insured are automatically covered for 30 days but not for more than 25% of the total amount of Fine Arts coverage. Coverage is in effect between locations specified in the policy. The Fine Arts must be packed and unpacked by competent packers.
Transcribed Image Text:"Fine Arts Coverage" attached to a Homeowners policy is an "All Risks" form used to insure certain valuable items. Which one (1) of the following statements is NOT true about the coverage? Up to 15% of the total amount of Fine Ar coverage can apply at any unnamed location in North America. Additional fine arts acquired by the insured are automatically covered for 30 days but not for more than 25% of the total amount of Fine Arts coverage. Coverage is in effect between locations specified in the policy. The Fine Arts must be packed and unpacked by competent packers.
Which one (1) of the following is NOT the subject of a Statutory Condition in a Property policy? Policy termination provisions. Misrepresentation. Method of settling disputes in valuation of losses. Co-insurance provisions.
Transcribed Image Text:Which one (1) of the following is NOT the subject of a Statutory Condition in a Property policy? Policy termination provisions. Misrepresentation. Method of settling disputes in valuation of losses. Co-insurance provisions.
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