Question

Which of the following activities may compromise REIX insurance coverage?

A) Late reporting of an incident
B) Failing to cooperate fully with REIX
C) Offering to settle without first involving REIX
D) All of these may compromise REIX Coverage

Answer 1

Late reporting of an incident, failing to cooperate fully with REIX, and offering to settle without involving REIX can all compromise REIX insurance coverage.

Step-by-step explanation:

Compromising REIX insurance coverage can occur through a variety of activities. All of the options provided in the question can potentially compromise REIX insurance coverage. Late reporting of an incident can hinder the insurance company's ability to adequately investigate and assess the claim. Failing to cooperate fully with REIX can lead to difficulties in gathering the necessary information and documentation for the claim. Finally, offering to settle without involving REIX may result in the insurance company being excluded from the negotiation process, potentially undermining their coverage and compromising their ability to protect the insured.