A commercial general liability policy typically provides insured status to

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A commercial general liability policy typically provides insured status to

A. Resident relatives of the named insured.
B. Independent contractors working on behalf of the named insured.
C. Any organization newly acquired by the named insured for up to a certain number of days.
D. Persons filing liability claims against the named insured.

Answer: C. A commercial general liability policy typically provides insured status to any organization newly acquired by the named insured for up to a certain number of days.

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An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay?

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