Maryland title insurance policy does not insure against loss resulting from:

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Maryland title insurance policy does not insure against loss resulting from:

A. Title defect
B. Lack of a right of access to and from the land
C. Unmarketability of the title
D. Exercise of police powers

Answer: D. Exercise of police powers

Insurance

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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

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James is the insured on a life insurance policy where his age was misstated on the application. Which of the following is CORRECT regarding the death benefit amount?

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A domestic insurer issuing variable contracts must establish one or more
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In an insurance contract, the applicant's "consideration" is the
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How many pair of glasses in a 12-month period will a vision expense insurance plan cover?
The voluntary relinquishment of a legal right is called
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The authority granted to a licensed producer is provided via the
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When the principal gives the agent authority in writing, it's referred to as
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