In: Finance
Which of the following statements is TRUE?
Group of answer choices
Under the doctrine of contributory negligence, a plaintiff is compensated after taking into account his/her responsibility in a loss claim.
Occurrence-based liability insurance exposes the insurer to long-tail claims.
Inland marine insurance provides coverage mainly for transport on inland waterways.
Answer of the above question is given below.
The following statements are true:
1. Under the doctrine of contributory negligence, a plaintiff is compensated after taking into account his/her responsibility in a loss claim.
2. Inland marine insurance provides coverage mainly for transport on inland waterways.