The following statements are correct in regard to insurance policy provisions:

A

$)$

A covered risk must occur during the time frame of the policy

B

$)$

The risk covered by the insurance policy must be reported within one year of it happening

C

$)$

The insurance company fulfills its responsibilities by providing legal defense counsel

D

$)$

The insurance company is delegated the power to effect a settlement of any claims, not the insured party

E

$)$

All of the above

F

$)$

Answers

$1$

$,$

$2$

$$and

$3$

G

$)$

answers

$1$

$,$

$3$

$$and

$4$