2.0k views
2 votes
True/False:

A medical policy that states that in no case will the insurance company's liability exceed $1,000,000 is an example of unlimited liability.

User Misaz
by
7.6k points

1 Answer

1 vote

Final answer:

No, a medical policy that states that in no case will the insurance company's liability exceed $1,000,000 is not an example of unlimited liability.

Step-by-step explanation:

No, a medical policy that states that in no case will the insurance company's liability exceed $1,000,000 is not an example of unlimited liability. Unlimited liability refers to a situation where a person or business is personally responsible for all debts and obligations. In the case of the medical policy, the insurance company's liability is capped at $1,000,000, so it is not unlimited.

User SpellTheif
by
7.7k points