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Who is the owner of most insurance policies?
Who is the owner of most insurance policies?
- The insured (correct)
- The third-party owner
- A business entity
- The parent of the insured
What is third-party ownership in insurance?
What is third-party ownership in insurance?
- Ownership by the insured's spouse
- Ownership by a business entity
- Ownership by someone other than the insured (correct)
- Ownership by the insurance agent
Who is a third-party owner in an insurance contract?
Who is a third-party owner in an insurance contract?
- A business partner of the insured
- An individual not covered by the insurance contract (correct)
- The insurance agent
- The insured individual
In what types of situations are policies involving third-party ownership mainly written?
In what types of situations are policies involving third-party ownership mainly written?
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Why would a third-party owner be involved in an insurance contract?
Why would a third-party owner be involved in an insurance contract?
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In insurance, what is the defining characteristic of third-party ownership?
In insurance, what is the defining characteristic of third-party ownership?
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Who typically owns insurance policies involving third-party ownership?
Who typically owns insurance policies involving third-party ownership?
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Which situation would NOT be considered an example of third-party ownership in insurance?
Which situation would NOT be considered an example of third-party ownership in insurance?
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What role does the third-party owner play in an insurance contract with third-party ownership?
What role does the third-party owner play in an insurance contract with third-party ownership?
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When might a third-party owner be involved in an insurance contract, according to the text?
When might a third-party owner be involved in an insurance contract, according to the text?
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