Multiple Choice
Kelsey obtains a business liability insurance policy from Loyal Insurance Company for Kelsey's Modeling & Hobby Crafts store. When an event occurs that gives rise to a claim, Loyal has a duty to
A) investigate to determine the facts.
B) file a suit against Kelsey so that a court can settle the claim.
C) find a third party on whom to impose liability.
D) refund any unearned amount of the premium.
Correct Answer:
Verified
Correct Answer:
Verified
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