A title opinion letter/certificate of title may be used in place of a title report.

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A title opinion letter/certificate of title may be used in place of a title report.

A. True
B. False

Answer: A. False

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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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Which of the following terms best describe the coverage provided by term policies, as compared to any other form of protection?
All of the following are considered limited lines of authority EXCEPT
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The pro rata liability clause is designed to protect the principle of
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