Solved

Match the Term with Its Definition

Question 91

Matching

Match the term with its definition. Some terms may not be used.

Premises:
Insurance that provides a healthy partner the cash to buy out a partner who becomes ill
A comprehensive limit on annual expenses should a number of employees reach the firm's per-employee limit on self-funding for medical claims
A loss in which physical damage to property reduces its value to the property owner
Lessening the frequency, severity, or unpredictability of potential losses
Choosing not to engage in hazardous activities
A loss arising from an inability to carry on normal operations due to a direct loss of property
An insurance term that refers to the depreciated value of property
A firm's per-employee limit on self-funding for medical claims
The cost of replacing personal property and rebuilding real property at today's prices
Keeping a loss from happening
Responses:
Loss reduction
Indirect loss
Loss prevention
Specific stop loss limit
Actual cash value
Direct loss
Disability buyout insurance
Aggregate stop loss limit
Loss avoidance
Disability insurance
Replacement value of property

Correct Answer:

Loss reduction
Indirect loss
Loss prevention
Specific stop loss limit
Actual cash value
Direct loss
Disability buyout insurance
Aggregate stop loss limit
Loss avoidance
Disability insurance
Replacement value of property
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