Which of the following statements regarding Arkansas definitions applicable to insurance is correct?

Which of the following statements regarding Arkansas definitions applicable to insurance is correct?



a. The valued property law applies to real and personal property


b. Insurers must provide 60 days notice of nonrenewal, except in cases of nonpayment


c. Commercial liability insurance policies sold in Arkansas may not limit defense costs


d. Boiler and machinery insurance is considered to be property insurance



Answer: b. Insurers must provide 60 days notice of nonrenewal, except in cases of nonpayment

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