Under the valued policy law:
A - An agent or insurer must acknowledge receipt of a communication regarding a claim within 10 working days If the loss is less than the total amount insured, the insurer must increase the amount of the claim payment accordingly
B - The valued policy payment applies even, if unknown to the insurer, the risk has increased
C - The insurer's liability is the market value of the property insured
D - The insurer's liability under the policy is the amount of money for which the property was insured
