Question

1. what type of floater will cover a firm for sums that can’t be collected from customers due to records being damaged or destroyed by a covered peril?

○ physician’s floater
○ businessowner’s floater
○ accounts receivable floater
○ other block policies

Explanation:

The question is about insurance floaters and which one covers uncollectible sums from customers due to damaged records. An Accounts Receivable Floater is specifically designed to cover losses related to accounts receivable when records are damaged or destroyed, making it impossible to collect from customers. The other options (Physician’s Floater, Businessowner’s Floater, Other Block Policies) are not related to accounts receivable coverage.

Answer:

C. Accounts Receivable Floater (Note: Assuming the option order is Physician’s Floater, Businessowner’s Floater, Accounts Receivable Floater, Other Block Policies; adjust the identifier if the order differs, but the correct option text is "Accounts Receivable Floater".)