This segment of the research guide is intended to offer practice issues and options to accompany the pages of Insurance Functions, Regulation, and Statutory Accounting, cited beneath. Students are encouraged to study these webpages prior to attempting the issues. This study manual is completely an impartial effort by Mr. Stolyarov and is not affiliated with any business(s) to whose textbooks it refers, nor does it represent this kind of business(s).
Solution S5-60-three. Myhr and Markham, p. six.16, talk about the distinction between occurrence protection and statements-made protection. Under a policy that offers occurrence coverage, a loss should have taken place inside the policy phrase in order to be covered. Below cheap personal indemnity insurance statements-produced protection, a declare should have been made inside the policy term, and the loss must have occurred following the retroactive day of the coverage.
CBC.ca’s tale: “Depressed woman loses benefits more than Facebook photos” (last updated November 21, 2009). Video clip also accessible from CBC.ca, on the exact same personal indemnity insurance page as the story.
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