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Fundamentals of Financial Management, Concise Edition10th EditionEugene F. Brigham, Joel Houston 777 solutions What is listed in the conditions section of a policy?Policy Conditions — the section of an insurance policy that identifies general requirements of an insured and the insurer on matters such as loss reporting and settlement, property valuation, other insurance, subrogation rights, and cancellation and nonrenewal.
Which of the following would you find in the conditions section of an insurance policy?Conditions. The Conditions section includes the policy provisions that qualify or limit the insurance company's promise to pay or perform.
Which of the following is not a condition found in an insurance policy quizlet?Which of the following is not a condition found in an insurance policy? Insuring Agreement - The Insuring Agreement is a Section of the policy, separate and distinct from the policy conditions.
What type of information will be found in the policy insuring agreement?This is a summary of the major promises of the insurance company and states what is covered. In the Insuring Agreement, the insurer agrees to do certain things such as paying losses for covered perils, providing certain services, or agreeing to defend the insured in a liability lawsuit.
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What information is found in the conditions part of an insurance policy quizlet?
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