Question: Which is an accurate statement regarding the loss payable clause? A. The loss payable clause requires a proof of loss prior to settlement. B. The

Which is an accurate statement regarding the loss payable clause?

A. The loss payable clause requires a proof of loss prior to settlement.

B. The loss payable clause protects named parties with an insurable interest.

C. The loss payable clause allows for ownership to change without notice to the insurer.

D. If the insured fails to pay the premium, the loss payee must pay the policy premium on demand.

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