Question
Hello tutor, could you kindly answer the following questions below, Thank you 1. Define the following terms: Insurable interest in property: Insurable interest in Life:
Hello tutor, could you kindly answer the following questions below,
Thank you
1. Define the following terms:
Insurable interest in property:
Insurable interest in Life:
2. Kinds of insurance:
Business Liability Insurance:
Fire Insurance:
Homeowners Insurance:
Renter's Insurance:
Automobile insurance:
Life Insurance:
Term insurance (life):
Whole Insurance (life):
What is a beneficiary:
3. Define:
What is the difference between an agent and an employee?
Agency:
Authority:
Principal:
Special Agent:
Universal Agent:
General Agent:
Agency by Appointment
Authorization by Conduct:
Agency by Ratification:
Express Authority:
Incidental Authority:
Customary Authority:
Apparent Authority:
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