The insurance required to meet coinsurance is:
A) 80% × face value
B) 80% × replacement value
C) 80% × actual loss
D) Insurance carried divided by 80%
E) None of these
Correct Answer:
Verified
Q17: The face amount is the amount stated
Q18: Universal life provides whole life protection.
Q19: Premiums for straight-life insurance are higher than
Q20: A 20-year endowment does not build up
Q21: If the insured cancels a fire insurance
Q23: Term insurance:
A)Is more expensive than straight life
B)Builds
Q24: All states have the same compulsory insurance.
Q25: The actual amount of insurance carried is
Q26: Insurance required to meet coinsurance is the
Q27: Collision and comprehensive:
A)Only pay the insurer
B)Only pay
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