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Which one of the following statements is true regarding the Loss Conditions in the Business Income Coverage (BIC) Form? Available answer options Select only one
Which one of the following statements is true regarding the Loss Conditions in the Business Income Coverage (BIC) Form? Available answer options Select only one option A The Loss Determination clause states that the business income loss is determined based on the net income of the business before the loss occurred and other relevant sources of information. B The Loss Payment clause requires the insurer to pay for a covered loss once the amount of loss is agreed to, even if the insured has failed to comply with some policy conditions. C The Duties in the Event of Loss clause allows the insured up to ten years to resume normal business operations. D The Appraisal clause allows appraisal of losses in disputes between the insurer and insured as to whether the loss is covered.
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