If Scott and Wendy file bankruptcy, which of the following is TRUE regarding their insurance policy

If Scott and Wendy file bankruptcy, which of the following is TRUE regarding their insurance policy



a. Scott and Wendy can abandon their property to the insurance company because they no longer have an insurable interest.


b. The insurer's responsibilities are not eliminated.


c. The mortgage company loses its interest in the property.


d. Scott and Wendy's interest in their property is excess over any other creditors.



Answer: b. The insurer's responsibilities are not eliminated.

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