56 of 90 Which one insurance? The named insured. The contractor who c The finance company The person who holds

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56 of 90
Which one (1) of the following is a "mortgagor" with respect to
insurance?
The named insured.
The contractor who completes repairs to an insured property.
The finance company to whom money is pwed
The person who holds the mortgage.
Transcribed Image Text:56 of 90 Which one (1) of the following is a "mortgagor" with respect to insurance? The named insured. The contractor who completes repairs to an insured property. The finance company to whom money is pwed The person who holds the mortgage.
Questions remaining
English Francais
What does the "Standard Mortgage Clause" approved by the Insurance Bureau of Canada and generally in use throughout the
asurance industry outline?
financial
A) The terms and conditions of the agreement between the insured and the mortgagee in relation to their
arrangement.
3) The rights of the insurer, the obligations of the mortgagee and the rights of the mortgagee.
C) The coverage for the benefit of the mortgagee.
OD) Notice to the mortgagee if the insurer fails to offer a renewal policy.
Font Se
Transcribed Image Text:Questions remaining English Francais What does the "Standard Mortgage Clause" approved by the Insurance Bureau of Canada and generally in use throughout the asurance industry outline? financial A) The terms and conditions of the agreement between the insured and the mortgagee in relation to their arrangement. 3) The rights of the insurer, the obligations of the mortgagee and the rights of the mortgagee. C) The coverage for the benefit of the mortgagee. OD) Notice to the mortgagee if the insurer fails to offer a renewal policy. Font Se
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