A person appointed to act as the agent or principal in a power of attorney is called

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A person appointed to act as the agent or principal in a power of attorney is called

A. The attoney at law
B. The trustee
C. The attorney in fact
D. NOTA

Answer: C. The attorney in fact

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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?

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? a) $0 b) $30,000 c) $32,000 d) $40,000 Answer: B

In insurance,

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