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Kerin Obtains a Property Insurance Policy for Her Art Collection

Question 1

Multiple Choice

Kerin obtains a property insurance policy for her art collection from Lawton Insurance Company. Lawton can cancel the policy


A) at any time.
B) only at the end of a period for which a premium has been paid.
C) only if Lawton no longer has an insurable interest in the property.
D) only on advance written notice.

Correct Answer:

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