Why do insurance policies usually define who is considered an insured under the policy?

A) To specify who is covered in addition to the named insured.

B) To specify who is a named insured.

C) To specify who is not insured.

D) To specify that the named insured is the only person covered by the policy.

Answer: A

Property

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A domestic insurer issuing variable contracts must establish one or more
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No existing agent's license will be revoked until
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Ambiguities in an insurance policy are always resolved in favor of the
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
What documentation grants express authority to an agent?
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The pro rata liability clause is designed to protect the principle of
When the principal gives the agent authority in writing, it's referred to as
What is the benefit of choosing extended term as a nonforfeiture option?
All of the following are TRUE regarding the convertibility option under a term life insurance policy EXCEPT
All of the following statements concerning dividends are true EXCEPT:
All of the following are true regarding rebates EXCEPT
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All of the following are elements of an insurance policy EXCEPT
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Life income joint and survivor settlement option guarantees
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What is the purpose of establishing the target premium for a universal life policy?
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What documentation grants express authority to an agent?

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