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What Type of Clause in an Insurance Policy States That

Question 158

Multiple Choice

What type of clause in an insurance policy states that the insurer will pay for a covered loss only to the extent that it exceeds a certain stated amount that the insured pays toward that loss?


A) indemnity clause
B) coinsurance clause
C) endorsement clause
D) deductible clause
E) subrogation clause

Correct Answer:

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