Title companies, which are not law firms, may prepare deeds and deeds of trust under the supervision of an attorney only if required by:

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Title companies, which are not law firms, may prepare deeds and deeds of trust under the supervision of an attorney only if required by:

A. Customer
B. Title commitment
C. Realtor
D. Lender

Answer: B. Title commitment

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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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