Multiple Choice
As a general rule, if an applicant suffers a loss after applying but before the insurer formally accepts the application, the:
A) insurer must cover the loss.
B) applicant and the insured must bear the loss equally.
C) applicant must bear the loss.
D) insurer must cover the loss only if there is no binder.
Correct Answer:
Verified
Correct Answer:
Verified
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