emaining Time: 23 minutes, 46 seconds. Question Completion Status: QUESTION 6 1

Question

emaining Time: 23 minutes, 46 seconds. Question Completion Status: QUESTION 6 1 points Jade is looking for an insurance policy for her home. Her friend, Shamus, who is an attorney, just told her that the policy is a contract and has some unique characteristics. Which of the following terms applies to the insurance contract? 1. Indemnity. 2. Res ipsa loquitur. 3. Adhesive. O 1 and 3. O 2 only 2 and 3. 1, 2 and 3. QUESTION 7 1 points With the possibility of losses exceding policies and automobile policies, what type of policy coulcd someone purchase for extremely larg financial risks? general homeowners Large asset risk policy

Explanation / Answer

Select - D ( 1, 2 and 3)

Indemnity is the primary right of insured and liability of insurer, Res ipsa Loquitor implies that - neligency is the reason for accident for which insurer shall not be liable. Adhesive implies take the contract in full.

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