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Question
Standard Insurer, Inc., insures Techno Corporation's assets under a policy that states any "amendment" must be approved by Standard and signed by Techno's president. In renewing the policy, Standard insists on an "amendment" excluding coverage for terrorist acts. A Techno employee signs the amendment. Based on the court's reasoning in Case 10.3, Citizens Communications Co. v. Trustmark Insurance, if a terrorist act occursa. Standard must pay Techno because the amendment does not meet the policy's conditions.
b. Standard must pay Techno because the policy predates the amendment.
c. Techno must suffer the loss because the amendment meets the policy's conditions.
d. Techno must suffer the loss because the policy predates the amendment.
Answer
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