The actual amount of insurance carried is called the face value.
Correct Answer:
Verified
Q20: A 20-year endowment does not build up
Q21: If the insured cancels a fire insurance
Q22: The insurance required to meet coinsurance is:
A)80%
Q23: Term insurance:
A)Is more expensive than straight life
B)Builds
Q24: All states have the same compulsory insurance.
Q26: Insurance required to meet coinsurance is the
Q27: Collision and comprehensive:
A)Only pay the insurer
B)Only pay
Q28: 10/20 of bodily injury means that an
Q29: Which one of the following builds up
Q30: As a result of coinsurance, the insurance
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents