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An unvalued policy is a type of insurance policy where the insurer does not agree to a specific value for the insured property at the time the policy is issued. In the event of a loss, the insurer will pay the actual cash value or replacement cost, rather than a predetermined amount. This approach can help prevent over-insurance or under-insurance but may lead to disputes over the value of the loss. It is commonly used in property and casualty insurance.
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What is an endorsement to a insurance short term policy?
It amends the policy
Describe what Superseded cover is under the fidelity guarantee section of an insurance policy?
Superseded Insurance is taken to provide cover when a new fidelity guarantee policy is being taken for losses that were going to fall under the old (superseded) policy but would not be because the period allowed by that old policy for losses to be discovered and be claimable under that policy has expired. The incident covered should occur during the currency of the superseded policy. The cover under the new policy will not be broader than that provided by the superseded policy as the limits, conditions & extensions that applied on that policy will still be applicable.
What benefits does the owner have in a PNO policy?
what does PNO stand for on an insurance policy
Can a viatical settlement firm sell a policy to a third party?
Yes. The company or investor will then become the beneficiary to the policy, pays the premiums and collects the face value of the policy after the original policy holder dies.
What type of policy can a owner and beneficiary be the same?
In any life insurance policy, though there is provision for appointment of nominee, on maturity the proceeds will be payable to the policy holder if he/she is alive. By this way, the owner of the policy and the beneficiary is the same person.
What are classes or types of marine insurance?
The types of marine insurance are:- 1.valued policy 2.unvalued or open policy 3.floating policy 4.voyage policy 5.time policy 6.mixed policy 7.port policy 8 block policy 9.blanket policy 10.name policy 11.single vessel and fleet policy 12.currency policy 13.wager and honor policy
When will the dollar crash?
it never will now and even if it does its because of government conspiracies and not cause the dollar is unvalued
Place the following steps of the policy cycle into order from first to last policy evaluation policy implementation policy adoption policy setting?
Agenda settings policy adoption policy implementation policy evaluation
What does anne say she does and doesn't want from people?
Anne expresses that she desires understanding and genuine connection from people, valuing honesty and empathy in her relationships. However, she does not want superficial interactions or insincerity, as these leave her feeling disconnected and unvalued. Ultimately, she seeks meaningful engagement rather than mere social pleasantries.
Place the following steps of the policy cycle in order from first to last policy evaluation policy formulation policy implementation agenda setting?
-agenda setting -policy formulation -policy adoption -policy evaluation or -agenda setting -policy adoption -policy implementation -policy evaluation
The policy-making process involves?
Agenda building, policy formulation, policy adoption, policy implementation, and policy review
What is the difference between policy and policy statement?
Policy statement is what you say you are going to do. Policy is what you do, which should be in line with the policy statement.
What are the process of policy making in nigeria?
agenda building policy formation policy adoption policy implementation policy review
What is a phase out policy?
A phase out policy refers to a policy that stopped a given old policy.
Policy adoption is a step in the?
policy cycle
Does a homeowners insurance policy have to have the name of the current owners on the policy?
Yes, of course. The current owners on the policy have to pay for the insurance policy, This is why this policy states that it is a homeowners policy.
Fiscal policy and its objectives?
fiscal policy OBJ. in relation to taxation policy and expenditure policy
