Making the homeowner pay a part of the claim related to damage to a garage door is an example of _______________________  and is a mechanism that  __________________________.A.excess; increases the premium B.conditions; decreases the premiumC.exclusion; increases the premiumD.exclusion; decreases the premiumE.excess; decreases the premium

Which of the following statements is NOT correct?A.An excess is a part of the claim that the insured will need to pay out of pocket in the case of an adverse event.B.A premium is a regular payment made by the insured to the insurance company to be covered in case of an adverse event described in the insurance policy.C.The premiums for an insurance reflect the risk of the group in which the insured belongs and to some extent the personal circumstances of the individual, such as their record of past behaviour.D.A claim is a case where the insured will not be covered by the insurance policy if an adverse event occurs because the insured had misrepresented its actual circumstances.E.A benefit is a payment made by the insurance company to the insured when an adverse event occurs.

Fill in the Blank QuestionFill in the blank question.Under the guaranteed renewable policy provision, the insurance company cannot raise premiums unless it raises premiums for all members in your .

Multiple Choice QuestionWith a(n) Blank______ policy provision, the insurance company cannot cancel unless you fail to pay premiums when due.Multiple choice question.possible renewableguaranteed renewablenon-cancellationanti-cancellation

Admissions by persons whose position must be proved as against party to suit.Previous    NextStatements made by persons whose position or liability, it is necessary to prove as against any party to the suit, are admissions if such statements would be relevant as against such persons in relation to such position or liability in a suit brought by or against them, and they are made whilst the person making them occupies such position or is subject to such liability.IllustrationA undertakes to collect rents for B.B sues A for not collecting rent due from C to B.A denies that rent was due from C to B.A statement by C that he owed B rent is an admission, and is a relevant fact as against A, if A denies that C did owe rent to B.

Which of the following is a payment liability?Multiple ChoiceTort claimsRefundsInsurance premiumsReal estate taxesAll the choices are correct