Defamation occurs when:

(a.) An individual or entity makes false, derogatory statements about an insurer's financial condition that are calculated to injure the insurer's business

b. An individual or entity acts to create a general action that in any way to intimidate an insurer in order to gain a monopoly in business

c. An individual or entity refuses to insure or limit the amount of coverage only because another insurer has cancelled an existing policy on that person

d. An individual or entity takes legal action against an insurer or producer

Answer: A

State 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?

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