General Principles

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1. Which statement best expresses Section6 on who may be an insurer?
2. An enterprise proposes to make insurance contracts as insurer but argues that it is outside Section2(b) until it actual…
3. A company engages in reinsurance business specifically recognized as insurance business under the Code. It says that be…
4. Rosa insures her mortgaged warehouse in her own name, with loss payable to Bank. The policy does not provide otherwise,…
5. An insurer’s assents to transfer of insurance from mortgagor D to mortgagee Bank and, at assent, imposes further obliga…
6. A parent is original owner of a policy on a child’s life or health. The parent dies while the child is alive. The polic…
7. Contrast Section8 and Section9 for property insurance benefiting a mortgagee. The first policy is in the mortgagor’s na…
8. An authorized insurer claims that the Insurance Code general chapter applies only to fire policies and never to life in…