The amount of a loss that must be paid by an insured before the insurance company will pay any insurance benefit is known as the
A) premium.
B) deductible.
C) coinsurance.up-front fee.
Correct Answer:
Verified
Q28: Risk pooling is based on the
A) law
Q29: The price an insurer charges a policyholder
Q30: Which is a characteristic of property risk
Q31: A suicide would be classified as a
A)
Q32: If your home has a value of
Q34: Correlated risks are
A) a perfect storm of
Q35: The principal of indemnity, which underlies insurance
Q36: Jerome insured his home for $120,000. He
Q37: If an agent added a rider to
Q38: If there is an exclusion on your
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